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To: schrodingers_cat who wrote (3604)12/1/2000 1:46:22 AM
From: GST  Respond to of 57684
 
When you look at the cyclicals you always see patheticly low multiples. As I said to William on many occaisions, I can remember not so long ago when INTC had a p/e of 11 and nobody was rushing to buy the stock. This is where we could be heading for a while -- depressed earnings and super low multiples. Unfortunately, that would suggest that we are just entering a bear market and not leaving any time soon -- good luck.