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To: butkus who wrote (14560)7/16/1998 10:16:00 PM
From: PaulM  Respond to of 116770
 
"success of the tech sector"

I like your post. But has the tech sector been successful as compared with Wall Street expectations? Last I read, the NASDAQ was trading at 76 times earnings, and I suspect that ratio will be stretched even further when 2nd Q earnings are tallied.

The NASDAQ's rise is a function of consistent denial and the mania you referred to.