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To: limtex who wrote (17612)12/24/2000 5:57:02 PM
From: Zeev Hed  Read Replies (2) | Respond to of 60323
 
Limtex, if life will return to normal, then the S&P 500 will trade in a PE range of a low of around 8 and a high of around 22, we are still above the top of that range, and I am not sure you really want life to "return" to "Normal". <g> What we had in March was abnormal, as a matter of fact, in 1996, Greenspan felt that the market was undergoing "irrational exuberation", current prices are still well above those leels, even in terms of current earnings.

Zeev



To: limtex who wrote (17612)12/26/2000 11:59:30 AM
From: 5dave22  Read Replies (1) | Respond to of 60323
 
limtex <He won't be there for ever. Life will return to normal.>

L - With all due respect, life IS normal. This is NOT a crash, as your last several posts have indicated. Nasdaq has grown at a healthy rate over the last five years. 1999 was a fluke, NAZ went from the 1600 range to over 4000 (and over 5000 soon afterwards). Here are year ending indices over the last five years.

1996 = 1100
1997 = 1400
1998 = 1600
1999 = 4000
2000 = 2500

Now, take 1999's 4000 and replace it with 2000 and what you have is solid growth, normal, healthy growth. And there would be none of the 'crash' talk.

Regards, and happy holidays,

Dave