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Politics : Idea Of The Day
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To: Cabo Eddy who wrote (36846)2/23/2001 8:50:33 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
In this kind of environment it is difficult to justify, but the fact is that DOW 10500 plus with P/E of 21 is far less prone to selling than NAZ at 2200 plus, NAZ 100 multiples are still plus 40, I would think that based on growth prospects DOW will sell less, NAZ may have this last leg down but SPX will hold well in this new range, within two quarters we may see the results of economic revival..considering past history from these lows 30% plus is very possible, once NAS confidence is restored we will see gains in SPX from NAZ companies and BRKA MO type of companies will give way..
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