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To: H James Morris who wrote (110401)10/13/2000 3:35:08 AM
From: GST  Respond to of 164685
 
HJ: "driving the price-earnings ratio up to 400" As much as some here would never admit it, KIS was more right than wrong. The stupidity of thinking that a correction down to 100 times earnings would do the trick -- what were we thinking? No. What are people thinking now to suggest that stocks are "cheap" -- LOL -- the market for many tech stocks is still grossly overpriced.



To: H James Morris who wrote (110401)10/13/2000 10:14:25 AM
From: Glenn D. Rudolph  Respond to of 164685
 
>In addition, investors believed that Internet age companies that appeared capable of
cornering a portion of the burgeoning New Economy would soon reap robust future earnings
sjmercury.com

James,

My conclusion from this article is no one has a clue. Myself included of course.


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