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Strategies & Market Trends : The New Economy and its Winners

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To: 16yearcycle who wrote (7911)	7/15/2001 8:05:56 PM
From: Bill Harmond	of 57684

What you say about P/E's is so true. With cyclical stocks the time to buy them is when the PE's are high, and sell them when PE's are low. Now the consensus is that tech stocks are cyclicals and the PE's are too high! What I'm saying about Yahoo is that the rate of revenue decline has been slower than the previous rate of increase, which indicates to me that this is a long-term story.

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