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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: johnd who wrote (53655)	11/30/2000 11:33:56 AM
From: johnd	Read Replies (1) \| Respond to of 74651

Goldman's Cohen Says Stock Valuations Appealing NEW YORK (Reuters) - Abby Joseph Cohen, one of Wall Street's most widely watched strategists, attempted for the second time this month on Thursday to ease investors' concerns about the plummeting stock market, saying stock valuations are the most appealing they have been all year. Goldman Sachs & Co.'s bullish strategist also reiterated her 12-month target of 1,650 for the Standard & Poor's 500, 25 percent above where it was trading on Thursday morning. ``Indications that cash is building in portfolios, and that valuations are the most appealing they have been all year, support the forecast of rising stock prices,'' Cohen said in a note to clients. She maintained her advice that technology and telecommunications stocks should make up 35 percent of her model portfolio, compared to these sectors' 32 percent weighting within the S&P 500. In March, when she last changed her position, Cohen recommended a lower weighting in technology stocks. The S&P 500 last traded at 1,326.33, down 15.60 points, little changed from when her note was published.

To: johnd who wrote (53655)	11/30/2000 2:22:25 PM
From: Dan Spillane	Read Replies (1) \| Respond to of 74651

"The Gore-inch Who Stole Christmas--and the Presidency"... Picture Gore on the front of an upcoming Barron's, with a green face and this title. Clearly the political stuff is contributing to the negativity, more than most people know. An excellent post in the Compaq folder points out the Compaq is trading at levels not seen since 1997, when they were CEO-less. There are land mines out there, but the bearishness seems extreme, I think much more than the widely published bull/bear surveys indicate. If there were a bull/bear index that factored in PEGs(which are quite low right now) and relative attention to bad news with none to good news, it would be at a decade-high right now.