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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Stephen who wrote (35378)	11/22/2000 12:10:11 PM
From: Stephen	Respond to of 50167

James ... by the by ... wouldn't 1700 give us a nice measured fib retracement from the high ??. I've gotta watch that fuzzy math .... GG. Gotta go ... to lunch ... have a great Thanksgiving James - & everyone. Best Regards Stephen

To: Stephen who wrote (35378)	11/22/2000 12:45:05 PM
From: James Strauss	Read Replies (2) \| Respond to of 50167

Good scary post Stephen: I'm hoping we see plenty more of them... : > I'm hoping to see negative covers on Business Week and Time... : > Something like "The Party's Over" will do... : > While the NDX may be sporting a 100++ P/E, many of the companies are growing at very high relative growth rates to the rest of the market... CSCO will continue growing... INTC will continue to grow... Before you know it the P/E will start dropping below 100 while these new economy companies continue to supply the equipment and services that the S&P 500 companies need to keep their competitive edge... Then, we get a dramatic reversal to the upside as we've seen so many times before... Also, the FED holds the rate cut Wild Card... At any time, the FED can cut rates... Sooner rather than later... Keep plenty of powder dry for the bargains that abound... Watch the 13 day Moving Average... As closing prices move above it, and it starts moving upward, you'll have the signs of a turnaround... 8 New Highs and 508 New Lows on the Nasdaq is the kind of 50:1 ratio seen near or at bottoms... finance.yahoo.com Jim