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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%4:00 PM EST

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To: Saulamanca who wrote (57117)7/24/2000 2:54:24 PM
From: Haim R. Branisteanu  Read Replies (1) of 99985
 
Jim it is less important the absolute level of the NAZ but much more important are the sky high P/E ratios of the NAZ. No much has changed since 1994 to today, only now we buy a 299 PC to access the internet and most important stock ownership by the public is much higher than in 1994 and real saving almost if not negative.

Haim

BTW -- ATTENTION SI ------ why internet must be spelled with a capital I and the word telephone not?
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