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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: Michael Sphar who wrote (711)	1/3/2002 4:21:21 PM
From: Savant	Read Replies (1) \| Respond to of 840

Michael, think of the coupling more as a menage a trois...at a minimum...with perception being the third partner...and the door open to many more. When the tide of perception turns negative, the p/e average can diminish dramatically, review the seventies, for reference. Obviously, when the tide comes in, the p/e average can increase beyond reason. We've just witnessed that, and now the boats are sitting in the mud for the next tide. That was, IMHO, to a large extent the classic century turning effect, with the triple zeros thrown in for good measure. Look back at 1900. So far, January is showing it's common effect, it will be interesting to see how the year progresses into Mar/Apr tax time. RE:"When the turn comes, as it surely will, will profitability only stay at the 58% level or grow substantially broader and what will this impart to the tracking stock price?" Were you indicating an increase in profitability? If not, point me toward one of those potential 58% profitable companies, I'll jump into that risk basket with you!! Best, S.