LRCX this one looks good Message Board

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Technology Stocks : LRCX this one looks good

LRCX 157.46

-2.2%

Oct 31 9:30 AM EDT

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To: Carl Smith who wrote (90)	2/22/1996 9:14:00 PM
From: Amir Shalit	of 142

I agree that FEW nifty fifty companies are away too high but it should not have any real effect on tech stocks. 1994 was a bad year for the DOW but most chip companies had a good year. I don't agree that the DOW will keep on going up by default. The low interest rate argument makes sense so long as they stay low. If you listen to some people like Jimmy Rogers, inflation is a lot higher than what Washington wants you to beleive. One example is a Honda Accord 1988 cost about half of what it costs today => inflation rate on about 10% ! It's true that on avarage the DOW P/E is not bad but if you avarage the DOW's growth companies p/e you will find that it's about 25. Some like MCD and KO (Coca Cola) trade at a p/e higher than the pre 87 crash.

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