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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (51036)12/24/2000 7:53:48 PM
From: Wyätt Gwyön  Read Replies (1) of 436258
 
The Naz and Internet bubbles have distracted from overpriced condition in Dow issues. New rationale for Dow 36,000 is that all the old Dow cos. will use the New Economy to make more mahney. Anything to maintain complacency.

I remember back when the Dow crossed 4500 or so circa 1995, Barron's had an cover story called "Where have all the Bears Gone?" All that is long forgotten. Because AMZN is expensive with no earnings, KO at 80 PE is cheap. LOL
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