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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Kent Rattey who wrote (8875)	4/14/2000 11:34:00 PM
From: Gut Trader	Respond to of 24042

The average bear market is not a result of series overtly orchestrated events and linked to a valid precursor. This is a effort to flush out the margin excess, scam stocks, and weak retail players. The New Era stocks such as jdsu with extraordinary merit will rise to the top. Many will get flushed down the indoor plumbing. GT@buy.the.future.cheap.com

To: Kent Rattey who wrote (8875)	4/15/2000 1:09:00 AM
From: Hank Stamper	Read Replies (2) \| Respond to of 24042

Kent, "I recall the historical S&P p/e at 24" Your recollection is incorrect. The historical average for the S&P p/e is not 24. In actual fact, 24 is at the high end. It is just that now, we are hyper high end. Your research will bear out that the average is approx. ten points lower, as I indicated. "If you can give me an example of a prolonged bear market during great economic expansion in the US, I'm all ears!" I did not use the term "prolonged" so I am not really sure how to answer. However, historically it is common for corporate profits to be on the rise at the beginning of bear markets. That's just the nature of the beast. As one example, try the grand expansion during the mid to late 1960s that ended in the bear that began in 1970. The "go go years." With all good wishes, David Todtman