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

To: Bill Harmond who wrote (4232)	12/19/2000 4:47:34 PM
From: GST	Read Replies (2) \| Respond to of 57684

Sorry William -- its a bear. If we speaking of companies that actually have profits, and I know that you do not always spend time with that type of company, the downturn in stock prices is being offset with declines in earnings prospects. So, for that subset of the population that calculates valuations based on earnings and earnings growth, the logical conclusion is that we as overvalued at NAZ 2500 as we were at 5500. And from here? Going down of course.