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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (40695)3/13/2002 9:18:13 PM
From: t2  Read Replies (2) of 99280
 
So you basically making the valuation argument. Dow stocks have lower PE, except the few techs. Slower growth environment and they can meet targets.

Saw CEO of GE make a comment that their current earnings projection do not factor in a recovery in the economy this year. I don't think a lot of tech CEOs are willing to say that.
The old economy companies tend to have good stock buyback plans and also tend to issue fewer employee stock options.

jmho
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