Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Peace who wrote (38469)	12/19/2000 5:23:29 PM
From: Jack T. Pearson	Respond to of 42787

I don't think the Fed cares much about the Nasdaq. Why should they act to prop up stocks with p/e so far above historical norms. (One might ask if prices are declining faster than earnings--looks like a close race to me.) The Fed is watching multiple sources of government and private data on economic growth and unemployment. They aren't getting their data from network reporters and stock analysts. But Fed members are obviously watching the data closely and have seen some signs of slowing.