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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (121788)	8/4/2000 12:23:33 PM
From: tejek	Respond to of 1573851

One year ago last Friday, the S&P 500 was selling at 34.62 times trailing earnings. As of last Friday, it was selling at 27.87 times earnings. In the same time frame the S&P 500 was up 6.8%. John, My feeling is that the markets are trying to build in the potential for a significant slowdown next year....it can be the only explanation. I say that because in addition to the S&P numbers my portfolio is a mess. The only thing that has done well for me is ANF....a retailer. BTW I am very relieved that the AMD EPS estimates for next year have been raised above this year's...even if its not by much. No investor likes to be researching a stock and find that the EPS estimate will be lower for the next year. That has been the case for AMD for several months now. Further I will be very glad when August is finished! ted