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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (5564)	3/4/2001 9:46:25 PM
From: Robert Rose	Read Replies (1) \| Respond to of 57684

<There's something radically wrong ! > What's radically wrong? When the market declines below historic valuations, then i will believe there is something radically wrong. let's take bellwether csco. now trading at 54x trailing earnings, with an annualized growth rate of 60%. looks like we're at historic valuations. problem is with slowing growth going forward, the stock is still likely overvalued. how much so perhaps ek can suggest? at any rate the important example above suggests that the worst is over, as long as we don't overshoot to the downside. which i guess is what you're saying: markets overshoot in both directions, and it is now the downside's turn..... but remember, if ag can be believed, it's slowing growth, not recession. plus, our economic revolution remains on track. for anyone with some dry powder at this point, i do believe it makes sense to begin watching for what will look like some of the best buying opps of the last decade. that is my latest thinking, anyway.....