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

To: Mike M2 who wrote (75956)	2/16/2000 2:27:00 PM
From: BSGrinder	Respond to of 132070

Here is a good quote from the Gold Eagle site (Saville): In fact, two events of the past week do a good job of highlighting the current excesses and market psychology. Firstly, an analyst interviewed on CNBC last Wednesday argued with a straight face that Cisco would be a "buy" at any price provided it could maintain its top line growth. Secondly, shares of Indian software services company Infosys soared by 30% during NASDAQ trading on Thursday and Friday of last week, giving the company a market cap of around $40B and putting it at a P/E of more than 700. The really crazy thing is, the shares now trade on the NASDAQ at triple the price that exactly the same shares trade at on the Bombay exchange. Try justifying that with "New Paradigm" logic!