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Technology Stocks : All About Sun Microsystems

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To: High-Tech East who wrote (36075)10/4/2000 1:00:09 PM
From: JC Jaros  Read Replies (1) of 64865
 
Here's the thing Ken... There is a *growing* trend of wealth going into equities. Money wants to go somewhere. These days, money wants to be in US equities (even when it's out). The high P/E thing stocks are simply the popular Janes. The equities with the greatest expectation of growth and security (plus a few other things). --- Because an equity has a high P/E thing doesn't make it Humpty Dumpty waiting to happen. In fact, the chairman of Boeing once remarked that he thought buying a stock when it's p/e was *high was a good investment strategy. --- You guys talk about p/e ratios as if there's some kinda investment theory behind it and there's not. None that I've read, anyway. So... WTF? Where's the evidence? What historical measure are you using to determine that "high p/e" stocks are bad to hold? -JCJ
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