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Technology Stocks : Intel Corporation (INTC)
INTC 36.66+1.3%Dec 29 3:59 PM EST
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To: Boplicity who wrote (37956)10/28/1997 9:31:00 AM
From: mauser96  Read Replies (1) of 186894
 
It could be, who knows? The present is a fact, the future is a guess. Actually the economy was in fairly goodc shape in 1987 if my memory is correct. The market was killed by high P/E ratios and high interest rates. We only have one of those now, and at the rate we are going P/E ratios will be "normal" very soon. At the close of 877 in the SP500, the P/e on 1998 estimated earnings is 18, a not unreasonable figure considering interest rates. There is now almost no chance the FEd will raise interest rates, a real plus for the market long term.
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