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To: Danny who wrote (110654)10/18/2000 12:58:06 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
Great, like I said, then go ahead and wait for the historical norms to come back.

IMHO there is no question that the historical norms will come back.

This can happen manyfold ways: the new economy companies may step up and deliver the earnings that justify these prices, the stock market goes through a correction, or a combination thereof.

The correction we are seeing right now from a high of 5100 is precisely that....



To: Danny who wrote (110654)12/20/2000 2:34:08 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
Danny: Great, like I said, then go ahead and wait for the historical norms to come back.

Alomex: IMHO there is no question that the historical norms will come back. This can happen manyfold ways: the new economy companies may step up and deliver the earnings that justify these prices, the stock market goes through a correction, or a combination thereof.

Now we know. Mostly a correction giving back the last 24 months of gains (thus far) and still has further to go....