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To: fut_trade who wrote (1997)1/11/2000 4:13:00 PM
From: pater tenebrarum  Respond to of 42523
 
agreed. at least some of the NDX co's actually have earnings. but they're all priced at utterly ridiculous levels. the earnings are such a ridiculous fraction of the stocks' prices and in turn the p/e's are by now in almost all cases far higher than the earnings growth rates, in other words total disconnect from fundamentals wherever you look....MANIA.
hopefully about to end, i might add.