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To: John Graybill who wrote (70446)	2/22/2001 3:33:45 PM
From: John Graybill	Respond to of 436258

CNN poll results so far: looks like 62% think Dung 2000 or higher is the bottom. 60% think "the greenspan put" is still the silver bullet. Let loose the bears! ------------------------- Just when investors thought the worst was over for tech stocks, warnings from tech titans Cisco Systems and Nortel have sent the Nasdaq spiraling to a 2-year low. How are you reacting to the latest market sell-off? 1. How have you dealt with the latest market sell-off? total responses to this question: 2260 Nothing. 51.59% Bought stocks. 34.42% Sold stocks. 18.32% Bought bonds. 3.54% Sold bonds. 2. How low will the Nasdaq go this year? total responses to this question: 2283 2,001-2,250. 37.93% It has already hit bottom. 25.80% 1,751-2000. 23.04% Below 1,500. 6.96% 1,501-1,750. 6.26% 3. What will it take to revive the markets? total responses to this question: 2259 Improving consumer confidence. 68.75% More interest rate cuts. 59.89% Income tax cuts. 33.20% A capitulation day when the Nasdaq loses 10 percent. 15.71%

To: John Graybill who wrote (70446)	2/22/2001 3:34:48 PM
From: chic_hearne	Read Replies (1) \| Respond to of 436258

But according to historic P/E ratios calculated by researchers at the Nasdaq Stock Market and tracked by Ned Davis Research, the Nasdaq Composite in the late 1980s and early 1990s never traded above 50 times trailing earnings. Its average P/E ratio since the end of 1985, in fact, is about 51. If the index were to fall back to that level, its value would fall below 1000 -- to between 800 and 900. from wsj.com ******************* What amazes me is when the Naz was over 5000, everything was properly valued. Now when it's off 60% they are trying to say it could be cut in half again after looking at some historical prices. Is this what passes as quality reporting? Can I get paid to spit out mundane facts like this a year to late?

To: John Graybill who wrote (70446)	2/22/2001 3:39:00 PM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

LOL. According to that survey 85% have either done nothing or have bought the dip.