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Non-Tech : QQQ - Nasdaq 100 Trust

QQQ 619.25

-2.0%

Nov 4 4:00 PM EST

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To: johnd who wrote (641)	8/13/2001 5:11:22 PM
From: Mannie	Read Replies (1) of 840

What about valuation, John? Does the current market valuation not concern you? The valuation of the market at this time is still historically quite high. I'm not sure we are going to wring that valuation down very quickly, I can easily see a market that is flat for years, we may get those 20% moves, and then give them right back. We are going to have to see earnings rise dramatically, and be sustained, before we see a new bull....imo Scott

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