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To: niceguy767 who wrote (50162)	8/7/2001 12:14:36 PM
From: Dan3	Read Replies (2) \| Respond to of 275872

Re: Intel has a PE of 60 Intel sells for $30+ and earned 3 cents last quarter. Intel's P/E was 250 last quarter and it will probably be infinite this quarter.

To: niceguy767 who wrote (50162)	8/7/2001 7:07:34 PM
From: TimF	Read Replies (1) \| Respond to of 275872

Forgot to mention it earlier but Joe on CNBC this AM raised the spectre of "what if" we're in for a sluggish economy for 10 years rather than the 3 months that some are saying.. We could easily have a sluggish economy for more then 3 months. Maybe for more then another year (I don't think it will last that long but I would not be totally shocked by it). But 10 years!?! Very unlikely IMO. If you think it will happen then I advise you to stay out of stocks, unless you think that you will have great sucess trading in and out. Tim

To: niceguy767 who wrote (50162)	8/8/2001 12:58:05 AM
From: dale_laroy	Read Replies (2) \| Respond to of 275872

>sluggish economy for 10 years< Won't happen. The root cause of the current sluggish economy is Greenspan deliberately inducing a recession just prior to the election in order to get the Democrats out of the Presidency. What he failed to consider is that the average Joe remembers the recession of the Bush Sr. administration and, expecting more of the same from Bush Jr. are maintaining the recession with their pessimism. If this recession lasts through the next election, the Democrats will retake the Presidency, and the optimism that this generates will result in an ecomomic recovery. Of course, this recovery would also occur with a Repubilcan President other than Bush Jr., but it is unlikely that the Republicans will offer us this alternative.