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Strategies & Market Trends : Waiting for the big Kahuna
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To: Mark Adams who wrote (50167)2/13/2001 6:59:24 PM
From: Skeet Shipman  Read Replies (1) of 94695
 
Hi Mark,
Some guru firm has come out with an estimate that the Nasdaq is 26% overvalued. Earnings for the Nasdaq have come down 20% over the last month. Myself I think forward PEs have to contract to the level they were in the 94-95 period. If I remember right that would put them about 37% compared to their present 57%. However you figure it the NASDAQ has further to the downside to go.
Skeet
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