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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Ex-INTCfan who wrote (31781)2/23/2001 10:21:42 AM
From: Percival 917  Read Replies (1) of 65232
 
Morning INTCfan,

RE: I can't see how this market can turn around and begin a sustained advance while there are triple-digit PE stocks out there.

BINGO!!!!

Truer words were never spoken IMO. That situation is why we are still headed down. All the major haircuts and downgrades and earnings warnings and we still have unbelievably high PE's out there. Until we get back to realistic valuations and build a base, we are not headed up.

JMHO,
Joel
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