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Pastimes : All Clowns Must Be Destroyed

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To: Glenn D. Rudolph who wrote (28082)4/20/2000 9:33:00 PM
From: yard_man  Read Replies (1) of 42523
 
That's FA -- no calculation of what one is paying for such earnings? Is it jsut earnings expected better this quarter than last ... I don't call that FA.

I have my doubts about the 2nd half, but I don't think the markets are rational any more. I think the darlings are grossly over-valued and the game that has allowed this bubble to develop is about over ...

When the market comes back to reasonable levels ... people will start looking at earnings (or more specifically the rate of change). this stock is a fad -- FA is next to meaningless
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