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Strategies & Market Trends : Asia Forum

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To: Zeev Hed who wrote (4509)	6/14/1998 9:22:00 AM
From: Step1	Read Replies (1) of 9980

Zeed, hardly representative of all investors in Japan but... I think they are mostly looking at land prices. When these go up too what else is there that can go up? P/E of 80 I have heard although as I have posted before it was mostly based on land assets that companies held and not their earnings per share. Some stocks produced no earnings whatsoever but happened to have an old warehouse in a valuable area so the stock reflected the price of that and not the earnings. I believe this to be correct, opinions welcome. sg

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