Microsoft, ,Nortel, Intel, Amgen, Biogen, Worldcom, Texas Instr, Molex, SanDisk, Lucent, the semiconductors . . . all having a good day today.
Anyone care to list the PEs of these for us?
By comparison, most every popular tech stock has continued SHARPLY lower since the pre-market alert. Some are now down as much as 20% today alone.
One thing is for certain, the scenario for 2001 that I spelled out the other day is playing out exactly as scripted. . . fundamentals and valuations taking an increasingly important role. . . and a stealth rally underneath selloff and boring Dow Industrials beating the techs by a LONG shot. . . all in the first day of the year!
Rande Is |
