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Technology Stocks : WDC/Sandisk Corporation
WDC 153.02-5.8%12:36 PM EST
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To: limtex who wrote (17612)12/24/2000 5:57:02 PM
From: Zeev Hed  Read Replies (2) of 60323
 
Limtex, if life will return to normal, then the S&P 500 will trade in a PE range of a low of around 8 and a high of around 22, we are still above the top of that range, and I am not sure you really want life to "return" to "Normal". <g> What we had in March was abnormal, as a matter of fact, in 1996, Greenspan felt that the market was undergoing "irrational exuberation", current prices are still well above those leels, even in terms of current earnings.

Zeev
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