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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 72.24+1.6%9:36 AM EST

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To: John Malloy who wrote (43373)11/12/2000 7:13:23 PM
From: chic_hearne  Read Replies (2) of 77397
 
The NASDAQ would be 2444. But 5.5 standard deviations below the correlation, while possible (everything is possible), is extremely unlikely.

John,

Nonsense. Name one major market that has EVER got 5.5 standard deviations above the correlation? Can't? Well maybe because it never happened before. Even at 2444 the Naz would only be about at the top of the Nikkei before its debacle, in relation to P/e.

chic
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