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Technology Stocks : Intel Corporation (INTC)
INTC 50.59+4.9%Feb 6 9:30 AM EST
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To: Barry Grossman who wrote (37782)10/27/1997 2:26:00 PM
From: Road Walker  Read Replies (1) of 186894
 
Barry,

As of Friday, the PE of the S&P 500 was 23.22, a year ago it was 19.55. Specific stocks like CPQ and Intel are undervalued on the basis of their earnings growth, but the overall market isn't.

These things are painfull and healthy, and in the end stocks should be more correctly valued.

IF we get the 350 point half hour trading halt, any guesses on if we reopen up or down? I would guess up, briefly.

John
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