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Strategies & Market Trends : Sharck Soup
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To: ChrisJP who wrote (31491)7/20/2001 9:49:38 AM
From: besttrader  Read Replies (1) of 37746
 
ALSO ChrisJP I would like to point out to you that
there are trillions of dollars on mutual funds that
have to be put to work, and there is so much money
floating around that since they aren't dumping it
into tech anymore, they have to dump it SOMEWHERE, and
that SOMEWHERE has been into the OLD economy stocks
that have meager growth. The P/E's of these stocks
are now so high that it will take years and years and
years to justify these prices.
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