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To: Skeeter Bug who wrote (163268)12/18/2000 9:28:53 PM
From: mepci  Respond to of 176387
 
Skeeter: I hope you are right. But like the California real estate, stocks will have a higher p/e than they should because of supply and demand situation. Otherwise a 6 or 8 p/e is more justified for most of these companies. This market has been a ponzi scheme in one sense, with most of us being willing participants.