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Technology Stocks : JDS Uniphase (JDSU)
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To: larry who wrote (19813)3/28/2001 9:42:11 PM
From: zbyslaw owczarczyk  Read Replies (1) of 24042
 
re: No matter how you look at the market, the valuation of SP 500 right now is higher than those of the beginning of the previous
bear markets

it is very naive to assume that valuation of S&P 500 has to be the same as it was during previous bear market.
in the past inflation was in double digit numbers, were now is under 3 %
lower inflation, higer valuation of S&P500
every economist and analyst will tell you the same

ZO
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