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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%Nov 14 9:30 AM EST

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To: Oeconomicus who wrote (1956)3/4/1998 8:53:00 PM
From: Don Westermeyer  Read Replies (1) of 164684
 
Don, with the market's current valuation (26 PE) and expected earnings growth(3.7% for the S&P according to First Call), anything less than a 25-30% correction would be an under-reaction.

Ok - you got me there. I forget that sometimes. All of my long positions are on the oil-exploration area. P/E's there are still in the single digits due to the fear of lower oil prices. IMO one should sell all stocks with P/E's greater than their earnings growth rates.
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