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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (3406)	11/23/2000 2:40:33 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 57684

I am actually stunned by the valuations we have now, as I was comparing and contrasting new vs old economy companies the last 3 days. It is clear there is nothing to do but nibble and hold and reposition here and there. Even if growth rates slow due to lending issues, this is all factored in already. And it still appears very likely that this drop has been manufactured by analysts concerned about a deterioration in cap ex spending that will not actually occur. In other words, we have experienced the worst crash in nasdaq history, and it seems to have been caused by concerns of a tech spending slowdown that will never happen. It's one thing to have a 20-30% correction, and I agree that would have been justified due to the extreme prices we had in March, but to see a 50%-95% correction getting tech companies to have lower price to book ratio's than dow stocks on fears that prove unjustified....I would never have believed this but I hope to not forget that the crowd can pretty much drive prices to any level, high or low. More fun facts: Amat: ps 3.8 Dell: ps 2.0 mot: ps of 1.2 Nvls: ps of 3.5