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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (73251)	1/11/2000 4:54:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

If you exclude stocks with forward P/E's over 40x, stocks with no expected earnings, and stocks with forecast losses, then "the market" (what's left) was still up around 10% last year, cap-weighted. Reality is starting to set in, but didn't hit last year. High-multiple, low/no-earnings companies (over a third [!] of the market now, by weight) did well over 50% last year, but dropped a bit more than the rest in 2000, through yesterday. -mb