Tomorrow's Barron's has an article on Dow 10,000 that discusses modernizing the Dow 30 with some changes in the 30 companies on the Dow. AOL is mentioned as a future representative of the Internet. Other companies mentioned in the article include
GT, UK, TX, BS, JNJ, HWP, WMT, IP, S, EK, MSFT, INTC, PFE, CSCO,
WCOM, AIG, LU, BMY, BAC. A synopsis of the story is linked to the Barron's Synopsi table at netcognizance.com
But at the end of all this there is a statement in the same article which says: "This kind of speculation usually occurs at the end of bull moves. You've got day traders who think P/E means physical education." Does this mean that the market is expected to correct big real soon?
Can somebody explain this to me?
Thanks. |
