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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (2008)5/26/2000 4:47:00 PM
From: vampire  Read Replies (1) of 30051
 
Perhaps someone here can assuage my fears. The NASD is down about 2000 points in a couple of months. It appears as though "traditional"valuations are once again in vogue. That being the case, and assuming that the air seeps out of this market a little at a time, what would the NASD be at if the bellweathers (ORCL, SUNW, CSCO, MSFT) got down to 30-40 times foward earnings and the Internet former hi-flers (YHOO, AMZN, EBAY) continued their downward trajectory? and why WONT we get there?
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