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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%4:00 PM EST
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To: American Spirit who wrote (76162)4/29/2001 2:06:34 PM
From: gc  Read Replies (1) of 99985
 
Virtually every stock has become more expensive with earning reduction. Take csco as an example, 18c to 2c, 90% down from 1Q to 2Q, don't you think csco stock price has gone down 90% from 1Q to 2Q? Of course, not. As a result, PE has gone much higher.
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