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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (31491)	7/20/2001 9:46:47 AM
From: besttrader	Respond to of 37746

Sorry you are wrong. The P/E's on the "old economy" stocks is WAY WAY out of kilter with reality. There is NO WAY that the old economy stocks can hold their new P/E's with growth of 1-5%.

To: ChrisJP who wrote (31491)	7/20/2001 9:49:38 AM
From: besttrader	Read Replies (1) \| Respond to of 37746

ALSO ChrisJP I would like to point out to you that there are trillions of dollars on mutual funds that have to be put to work, and there is so much money floating around that since they aren't dumping it into tech anymore, they have to dump it SOMEWHERE, and that SOMEWHERE has been into the OLD economy stocks that have meager growth. The P/E's of these stocks are now so high that it will take years and years and years to justify these prices.