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To: sea_biscuit who wrote (23708)3/12/2001 2:55:53 PM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 25814
 
You're being very generous, Dipy. You're assuming that we will remain at overvalued levels in a reduced earnings environment going forward.

My assumption is that we will pay the piper for the LTCM intervention, and that part 2 of the Asian crises will be played out.

If that's the case, 1400 on the Nas will be broken and the bottom appears sub-1000.

I really do feel that the slate has to be cleaned and the last 5 years will evaporate.


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