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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (26842)12/21/2000 7:37:08 PM
From: Ex-INTCfan  Respond to of 65232
 
Like you say, not their fault -- U can't blame them for selling 2000 PE stocks -- it was like 1849 for them. That sort of opportunity doesn't come around all that often. We got to see the seedy side of capitalism, a normally positive force. I expect some portfolio managers and analysts will be out of work soon. Those remaining will be more cautious, probably overly so, and maybe it will be caveat vendor next year.

INTCfan



To: Voltaire who wrote (26842)12/21/2000 7:38:36 PM
From: cyberian-husky  Respond to of 65232
 
>>>technically JW may be right but what get's me is all of a sudden, PE is a religion again and it's message being sent by the same SOB's that said a 2000 PE was fine 6 months ago as they sold their Internet stocks to everyone else.<<<

Sure JW may be right.
P/E is a measure of value.
But there are many other ways to measure value.
This minute the market is hunting P/E.
For how long?
Further more, how long will the market be hunting for the FO, Data processing, Storage, and B2B as if they are equal to Dotbomb.com?