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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gottfried who wrote (82262)12/20/2000 10:51:22 PM
From: inchingup  Read Replies (1) of 95453
 
Hi Gottfried:

Regarding P/E, I probably should have added that the multiple has not changed significantly since (I believe they mentioned) April's downfall. In essence, stating that with the economy slowing and profits deteriorating the Naz has basically remained essentially unchanged P/E wise and that it is still much overvalued "as a whole".

On the bright side CNBC has been "pumping" the hell out of this sector for quite a while. What an "about face".

Sorry for not clarifying my post.
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