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To: inchingup who wrote (82245)12/20/2000 8:55:13 PM
From: ItsAllCyclical  Read Replies (3) | Respond to of 95453
 
Some good comments from Don Cox about Bush and when a tech bottom will be reached.

webevents.broadcast.com

In summary, he believes we need to see financials get beaten up and severely underperform the S&P before this is over. As far as the Nasdaq this next decline phase is usually the sharpest and most severe. He called the Nasdaq chart a waterfall chart pattern. I haven't heard that term used before.

Anyone have a symbol for charting the S&P 500 index? Yahoo has charting, but it's not too good. I like timely.com's better.



To: inchingup who wrote (82245)12/20/2000 10:35:02 PM
From: Gottfried  Read Replies (2) | Respond to of 95453
 
Gary, the danger of assigning a PE to an index is that some of the companies in it have losses or no earnings and are overvalued, some are reasonably valued and some are undervalued. We should not expect ALL of them to share the burden of bringing the overall PE down. But I don't expect CNBC to understand that.

>CNBC mentioned after the close today that the Naz P/E was still 86:1. A bit more downside potential perhaps? (VBG).<

Gottfried