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Strategies & Market Trends : The New Economy and its Winners
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To: Bill Harmond who wrote (2522)10/29/2000 6:56:07 PM
From: Robert Rose  Read Replies (1) of 57684
 
I would guess that, regardless of today's rationale, it has to do with correcting toward historic valuation norms. After all, that is what first tier stocks like aol, ebay, yhoo have been all about for quite some time now. The smart money may come up with fancy reasons, but in a bear market, after a bubble like no other, the bottom line is correcting toward historic norms.
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