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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?


To: AugustWest who wrote (3848)2/19/2001 10:54:04 AM
From: AugustWest  Read Replies (3) | Respond to of 15481
 
Way too much bullish sentiment on SI this weekend.

CNBC is so wonderful over holidays. They run those specials with Alex Tribeck(SP) and oh, "Tou can't afford to miss this" Suzie Orman!!!!!!!!

I may end up with my foot in my mouth, but I really think we see some serious ugliness this week.

Only positives I can see right now is the Fed actions. That will have to catch up with the market soon. Unless, no one wants to spend. That would be the best thing right now, IMO, work off the debt.



To: AugustWest who wrote (3848)2/19/2001 9:50:26 PM
From: John Pitera  Respond to of 15481
 
Hi AW,

Do you have an opinion of where the comfort zone might be for the average PE on the
comp? I really don't, but would guess it's south of 60. Exceptions will obviously always exist. Or at least they do in healthy markets.


It's a moving target as to what the comfort levels are on valuations, It's very hard to say how the market will
play out the PE valuation excesses over the next couple of years.