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To: Bill Harmond who wrote (79434)10/3/1999 2:37:00 AM
From: GST  Read Replies (1) | Respond to of 164684
 
William -- I have to go meet some friends -- but the value of the yen in 1995 is not salient here. INTC was trading at a multiple of 11 in 1995. If INTC goes down to a multiple of 11 now, well, then you have your parallel. Lets see - what would INTC be trading at to make that parallel? Down 75% from here? We were not in a stock bubble in 1995. Get it? The Japanese are experts at bubbles. Ask then how they are enjoying the ten years of recession that they got from doing to their stock market what we are now doing to ours.