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To: chic_hearne who wrote (55282)1/8/2001 11:50:58 AM
From: KeepItSimple  Respond to of 436258
 
>I'm starting to think we print 1999.xx on the Naz much sooner than any
> of us think.

One can only hope. But there is some SERIOUS defense of Naz 2340. I mean bigtime.

10600 is also being defended on the dow with everything but the kitchen sink. I don't think we're going through that today.



To: chic_hearne who wrote (55282)1/8/2001 11:55:53 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
Yes, although there is little doubt that the slowdown is discounted in the minds of the bulls. All we have had so far is a discounting of many of the more clownish valuations. What's the NASDAQ target for a gross P/E of, say, 30? Hmmm... if the slowdown bites hard, what's the NASDAQ target for a P/E of 10?

It will be very interesting to see how they are all doing with their 'investments'. Got Ponzi?