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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: FR1 who wrote (47980)	4/25/2000 2:40:00 AM
From: KeepItSimple	Respond to of 99985

You've brought up the most important problem facing the stock market. Sure, Cisco and Intel are great companies, and make tons of profits, but every person on earth can't invest in those companies unless they each are limited to a few dollars of stock! At these valuations, it's all just a pyramid scheme. And eventually, all pyramid schemes collapse. ---------------- So in a very short period of time the big names like GE, CSCO, etc would have enough investments from the public to make their PE saturated.