SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: Dalin who wrote (30925)5/3/2000 5:11:00 PM
From: Zach E.  Read Replies (1) | Respond to of 42523
 
The best companies NEVER have "reasonable" valuations in ANY market.

Well, most of the "best" tech companies have certainly traded at P/E ratios that are less than half of their current values within the past five years, so I'm not sure if I agree with the above.

e.g. - Intel has traded at a P/E of 14, Cisco at 31, etc..



To: Dalin who wrote (30925)5/3/2000 5:13:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
oh, i agree with your attitude. but there's a difference between valuations merely being 'not reasonable' and being 'utterly ridiculous' which is what they are now.

and it is btw. not true that they are never reasonable in any market...it's just that we haven't had a bear market for a long time. you'd be surprised how reasonable valuations can get.