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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Greg h2o who wrote (34222)2/10/1998 2:53:00 PM
From: sepku  Read Replies (2) | Respond to of 61433
 
Everything IS different this time. Economy grows faster -- inflation shrinks...no need to tinker with interest rates, etc. The difference between today and 1972 is obvious: technological efficiency. And it's only going to get more efficient... I bet 20 years from now, what's considered to be "historical" p/e trading ranges for most industries, will be more in the neighborhood of 25 to 30 times earnings, rather than 15 to 20.

Style Pts.