Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: larry who wrote (9732)	4/10/1998 12:00:00 PM
From: Michael Collings	Read Replies (2) of 27307

<<I think that we are witnessing the shift of valuation to high levels and will sustain that level for very very long time. I can even expect to see PE multiples for DOW and S&P 500 reaching 40s in 10 years.>> And I think you need to study history. At market tops, the public always justifies ridiculous valuations on stocks with absurd rationalizations that "this time is different". They were doing it in 1929, 1973, and 1987 along with many other times in history. After the carnage in each of these markets, everyone finally realized their folly in their thinking. Everyone should take a look at a 75 year chart of the market and nothing more would need to be said. The last three years is nothing less than a mania and no one can say when it will end, but end it will. Bottom line, rational valuations are everything. In the meantime, have fun, but get out before the panic starts.

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