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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: onurbius who wrote (5445)	6/17/2000 1:43:00 AM
From: WTSherman	Read Replies (1) \| Respond to of 5676

My "bubble meter" is starting to shoot off the dial again...The Nazdaq and the Naz 100 continue to show strenght while virtually everything else keeps sinking or trending water. The fact that the Naz100 is now within about 3% of the Naz300 says alot, too. Traditionally there's been about a 10% differential. Lastly, my favorite bubble meter stock, EMC, set a new all time high today! A few more days like this and its P/E will top 200. For a company this large to have this high a P/E makes no sense. To justify this and for the stock to keep rising EMC would have to grow sales and earnings by 75% each year for at least 5 years. That would make it approximately the size of IBM by 2005. When EMC, CSCO, EBAY, ORCL and AMAT keep charging forward it indicates that the bubble hasn't run its course, yet. Though, the implosion when it does will be terrific...