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


To: Michael Bakunin who wrote (79345)4/11/2000 3:54:00 PM
From: BGR  Read Replies (2) | Respond to of 132070
 
Michael,

No, I do not like manufacturing. :-)

If Gordon failed to find productivity enhancements in s/w development sector - and I do not know if that is the case as I have only read second hand versions of the study - then it will be very surprising to me.

Perhaps Gordon's study is further proof of market rationality, in that the S&P is lagging when compared to the NASDAQ, which is a little bit more overloaded with technology?

-BGR.



To: Michael Bakunin who wrote (79345)4/11/2000 4:11:00 PM
From: Michael Bakunin  Respond to of 132070
 
NDX facts:
  index weight in technology or communications: 88%
  forward P/E: 74x
  price/sales: 10x
SPX facts:
  index weight in technology or communications: 40%
  forward P/E: 26x
  price/sales: 2x
-mb