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


To: Techplayer who wrote (52488)5/28/2000 10:43:00 PM
From: marginmike  Read Replies (1) | Respond to of 99985
 
The tech growth cold be sstainable. However it is not a given. The lack of fnding for IPO's and slowdown in spending here will probably slow earnings for all involved. Tho gh growth will contine it will slow. IE PE's will go lower becase growth will slow. The second isse is International growth slowing when Dollar sinks. I agree techs have a bright period ahead bt is it already reflected in historicly high eqity prices. A 40-50PE is not a bargain historicly. It is fair val e in Qcon's case if that growth slows to 30% instead of 50%. If a slowdown occrs that is probably what will happen. The econ cant slow overall and not slow tech. I cold be wrong bt slower growth is not good for tech. The whole feb rally was based on high groeth high inflaion is good for NAZ. How then can slow growth and higher inflation not slow Naz growth?