Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 172.27

+4.6%

Dec 19 9:30 AM EST

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To: Zeev Hed who wrote (8579)	9/14/2000 2:24:59 PM
From: Ian@SI	Read Replies (1) of 10921

Zeev, How about a lower inflation rate globally than the periods you cite; How about a smarter fed and global set of central bankers; even if that IQ increase is almost infinitessimal; How about a broader recognition that equities have provided the best longterm rate of return; How about the "peace" dividend; and How about fiscal responsibility in the US? I grant that the latter may well be fleeting; but to expect that the current economic climate only warrants historic multiples seems to be missing a broader macroeconomic picture. Obviously, you don't endorse the Dow 36000 argument. ;^) Ian.

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