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To: Larry S. who wrote (52300)	10/22/2004 2:09:07 PM
From: Ron McKinnon	Respond to of 53068

Jordan Kahn posted an interesting tidbit on Street Insight: The last time the Nasdaq 100 made a 30-day new high while the DJIA was making a 30-day new low was March 7, 2000. If you remember back then, the "old economy" stocks were struggling as money poured into "new economy" Internet and technology stocks. Eventually the ridiculous valuations of some of the new "paradigm" stocks yielded to reality, and the bubble burst. We still have some pretty wacky valuations in stocks, such as eBay (EBAY:Nasdaq) for example, but it is nowhere near what it was back at the peak in March 2000. There are some reasonable valuations to be found in small-cap stocks. So while that statistic may be a bit worrisome, I doubt it will lead to another 90% correction in the Nasdaq.