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To: ratan lal who wrote (91092)	1/3/2001 2:49:40 AM
From: limtex	Read Replies (1) \| Respond to of 152472

ratan - All this talk about P/Es coming into an acceptable range is nonsense. That they are is purely a bye-product of the greatest market crash in history which is waht we are in now. When people just dump stocks all day, every day, regardless of fundamentals or recent earnings performance and the stock prices crumble day after day in front of your eyes then it has nothing to do with P/Es any more than hundreds of people running out of a burning movie theater leaving becuase they didn't like the movie! Or put another way, people leaving the Titanic on the night of April 12th 1912 because they didn't like the food! Best regards, L