MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.83

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Dec 22 4:00 PM EST

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To: Sea Otter who wrote (71775)	3/12/2001 2:00:29 AM
From: brunn	Read Replies (2) of 99985

Re A Naz of 1000 is a reasonable fair valuation. Where do you see the Dow? A naz of 1000 would be a beautiful thing for anyone with a 10+ year outlook, but you better park your money in cash in the meantime because the Dow will have to fall about as hard. A Naz of 1000 would bring all the majors (INTC, Dell, Sun, Cisco) into the teens--even with decreasing earnings. How many people will want to buy Proctor and Gamble or Coke at a higher price than high tech? May be high tech will have a year or two of bad earnings but PG and KO have had 3+ years of no growth and still have P/E's of 20's to 30's.

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