"Also, by listing the PE's of the stocks you re-posted from my post, I was pointing out that the big cap high tech stocks are still way out of whack with historical norms"
The problem is that that the nasdaq's top 100 stocks are selling at a pe of about 80x next years earnings ESTIMATES, and the estimates are low, imo, while their revenues are growing at a pace of well in excess of 40%, which I have to guess must be the highest rate ever. The numbers would be even more conservative looking except we do have a touch of public vc type money in the nasdaq now, skewing the numbers, ie, Ebay, Yhoo, Amzn, etc We also are in a relatively low interest rate environment. We are simply not out of line, imvho. Go company by company.
However, my real point is that you seemed to want to deny your bearishness, which has been palpable. I think your current post make your position clear again. I am not denying my long term bullishness. I think we see 500 within 4 years.
Best wishes,
Gene |
