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Pastimes : All Clowns Must Be Destroyed
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To: pater tenebrarum who wrote (33516)5/18/2000 8:53:00 AM
From: LLCF  Read Replies (1) of 42523
 
<their p/e's will rise as their earnings collapse...just a thought...>

It's amazing to me that no one is talking about cyclical stocks like auto's perhaps being near the end of a cycle. When the average age of an auto in the U.S. was 8-9 years old in 1990 they were giving away those stocks, and now with new cars parked up and down every block everyone crows about the cheap PE's.

DAK
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