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Technology Stocks : Ascend Communications (ASND)

ASND 209.77

+4.9%

3:59 PM EST

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To: sepku who wrote (34212)	2/10/1998 2:43:00 PM
From: Greg h2o	Read Replies (1) of 61433

RE: <The market doesn't seem to be getting "irrationally exuberant" at all, in my opinion.> The DOW trading at 21 times earnings, with such stocks as KO leading the way with a pe of 40 doesn't sound irrational to you? Sure, there are pockets of value, but ask the people who were buying KO in 1972 if they'd buy it now? It took them about 13 years to recoup there money from the declines over the following 2 years. I know, everything's different this time.... regards, greg

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