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To: SliderOnTheBlack who wrote (87511)2/18/2001 8:36:36 PM
From: Oak Tree  Respond to of 95453
 
"We are still at historic valuation multiples - way, way, way over "normal" let alone recessionary valuation levels." Not for everything. But I agree that the multiples in some sectors are very high especially some of the dotcoms. Many many stocks for companies that actually make things that people buy (cars, entertainment, homes, household good, food) all the time are not at historic valuation multiples.