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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.080.0%3:59 PM EST
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To: RetiredNow who wrote (55053)9/7/2001 10:19:57 AM
From: kvkkc1  Read Replies (1) of 77397
 
I've always thought the DJI was the overpriced index with the exception of the internet/networking/optics bubble stocks, i.e., those with no earnings and were being priced 10 years out, which caused massive skewing to the reported Nasdaq pe's. For the anemic growth provided by the DJI stocks, I can't understand why it won't be halved, other than psychology. I kind of doubt that will happen unless the economy turns much worse, but imo that's what it ought to do.knc
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