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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (15383)	11/13/2000 12:44:27 PM
From: limtex	Read Replies (1) \| Respond to of 65232

JW- floor is 1-1.5% GDP Well IMHO it will be a miracel if the economy doesn't go screaming into recession. You just can't put this much interest rate squeeze and oil prices at more than double what they should be and keep the economy afloat. The net result of all this is going to be a simple re-adjustment of P/Es. A high P/E will be anything over 15. A normal P/E will be 5-8. Some companies will rate a high P/E most will not. Where does all that put the NAZ????? Best regads, L