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To: Tulvio Durand who wrote (15116)3/17/1998 3:40:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
Tulvio...
That is true to a certain extent....however, there are other stocks with great earnings that have have low multiples. Growth justifies higher multiples. Future expectations. These are basically just expectations and expectations are emotions. Sellers sell based on emotion if the fundamental haven't changed. I haven't seen much fluctuation in earnings recently but, the stcks have gyrated on fear and hope for 4 months now...and that is reality.

PK