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To: SunSunM who wrote (29846)2/28/2001 12:45:45 PM
From: PetzRead Replies (1) | Respond to of 275872
 
K. Chu, no, 164x earnings. After a week of carnage maybe its 140 now, but here's the full quote from the story kash posted: ( 206.253.217.10 )
"The Nasdaq-100 is now trading for 164 times earnings. Just five years ago, it was selling for just 23 times earnings. To get back to those levels, it would have to fall close to 85%."

(1-0.85)*164 ~= 23, so I think there is no typo.

Petz