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Pastimes : CLOWNS TO THE LEFT OF ME.. JOKERS TO THE RIGHT. -- Ignore unavailable to you. Want to Upgrade?


To: coug who wrote (36)4/13/2000 10:53:00 PM
From: B.REVERE  Read Replies (1) | Respond to of 306
 
Like I heard one guy say today, "Momentum markets can go
down just as fast as they go up" especially when they've
reached heights such as these. The true valuation of companies has not been repealed on ws.It's about time the
market starts resembling the true balance of price vs. valuation. I think the bloodletting stops when valuation
starts to make sense again. That's probably a 40% drop from here on the naz and a 30 % drop on the s&p. Only then will we reach the high end of historical p/e ranges for these averages.

Later,