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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (3231)11/5/2001 5:07:40 PM
From: vampire  Read Replies (3) | Respond to of 99280
 
Why's is a bubble? Someone posted that top 20 or 25 Naz stox are sporting 25 or 30 collective P/E's - not cheap but not bubble range (esp if expectations were to start increasing)



To: Softechie who wrote (3231)11/5/2001 10:02:40 PM
From: LTK007  Respond to of 99280
 
<Max, Is market blowing another bubble??? You think?> no question, but as we know that is the name of the NASDAQ casino:) Tomorrow will tell a tale.But i can't find disagreement with ZEEV that if COMPX blows through 1815 then a quick trip to 1940s could well happen.
The 52-1 p/e presented by Steve is modest(imo) as it does not include earnings beyond 2002.
Max


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