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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (7909)6/19/2002 11:14:58 PM
From: Sig  Read Replies (1) of 13815
 
INTC is back to where it was 3 splits and 5 years ago.
Intc P/E is 77, Dell is 54, Wmt is 37
That worrys me, we average one war each 5 years. So in 77 years after 15 more wars where will Intc be?
Or any other stock.
Considering the uncertain times, a P/E of 20 (and a Dow of 4000) would be more realistic.
I think the big smart money (Rainwaters, etc) left this tech market long ago, about the time of the Election, and wont be back soon.
The next Election will also be something to see, with major accusations on both sides concerning economy
and deficits.
Unsafe at any price.
Sig.
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