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Technology Stocks : Dell Technologies Inc.
DELL 120.60+1.8%Jan 9 9:30 AM EST

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To: Lee who wrote (34406)3/15/1998 1:04:00 PM
From: Chuzzlewit  Read Replies (1) of 176387
 
Lee, that excerpt underscores something I've been pounding the table about: P/E's are meaningless when used in a vacuum. What WB was really pointing to was:

1) when interest rates fall, valuations increase; and

2) when earnings expectations increase, valuations increase.

This isn't rocket science! It's really simple to see. So the guys that start screaming about companies being so expensive when compared to their historic P/E valuations have never taken the time to analyze what really drives the market.

Regards,

Paul
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