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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: sammaster who wrote (41993)11/29/2000 5:14:50 PM
From: UnBelievable  Read Replies (2) of 436258
 
Keep In Mind That Value and PE's Didn't Matter On The Way Up And I Don't Expect Them To Count For A Long While.

Until people learn that the price of their stock goes to 0 when the company goes bankrupt the link between corporate performance and stock price will remain tenuous.

This market correction is not due to the fact that buyers have all become informed. To most people it is attributable to "macro" influences like the Fed increasing interest rates, or the Presidential sweepstakes.

Even when we approach an interim bottom, I fully expect that Hype and PR will lead the way back up not Cash and PE.

We are still in a MO Mo market, only its different this time. The Mo Mo is Low Low.
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