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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (40816)11/25/2000 10:56:28 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Yep, nice rant technique combined with faux nostalgia for the bubble! Kind of an oriental cross between KIS and Oblomov. Shows good command of bearish concepts. I give it a nine outta ten!<g>

He makes a good point about the PEG ratio, too. In a system where liquidity is increasing, PEG's will increase. In a system where liquidity is being withdrawn, trapped or destroyed, PEG's (not only PE's) will decrease. It was a relatively stable relationship (PE vs. EPS growth) before the bubble materialized, and perhaps once the prodigal ClownBux leave this mortal coil, it will be again.....
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