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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: inchingup who wrote (82245)12/20/2000 10:35:02 PM
From: Gottfried  Read Replies (2) of 95453
 
Gary, the danger of assigning a PE to an index is that some of the companies in it have losses or no earnings and are overvalued, some are reasonably valued and some are undervalued. We should not expect ALL of them to share the burden of bringing the overall PE down. But I don't expect CNBC to understand that.

>CNBC mentioned after the close today that the Naz P/E was still 86:1. A bit more downside potential perhaps? (VBG).<

Gottfried
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