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Technology Stocks : Micron Only Forum
MU 236.48+2.7%Nov 28 9:30 AM EST
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To: Richard Russell who wrote (30252)3/16/1998 7:16:00 PM
From: The Vinman  Read Replies (1) of 53903
 
Actually, I think MU will drop tomorrow, but not a lot, I would guess 32 for the low, this market just doesn't care. First Call just revised earnings growth downward again for S&P to 1.8% for the quarter from 10% in January. I understand the liquidity, lack of inflation (especially in oil), interest rate arguments, but this market is absolutely ludicrous, S&P is 23 times this YEARS earnings, highest level ever.....trust this, it will be very very very ugly when it all falls apart.

Good Investing

Vinman
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