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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (14703)	8/12/2001 2:28:21 AM
From: Mark L.	Read Replies (1) \| Respond to of 52237

For some reason my comments are coming across as justifying high PE's. I'm not sure why this is, but I certainly believe that over the very long run PE's will return to slightly above historical norms (slightly above because certain previously venture capital ideas without earnings--like biotech--have moved into public equity markets). The thrust of my earlier remarks was simply that it's important to use consistent and relevant statistical methodology. Nothing more.