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To: TLindt who wrote (6222)7/24/1998 12:57:00 AM
From: g_m10  Respond to of 8545
 
Yea, and what has changed since then?
Not much. Only stock prices became even more ridiculous. Just a couple of days ago Dell had P/E 80, MSFT - 75, CISCO - 100!!! They are not start ups. They are huge mature companies. Is there a slightest chance that they will grow 80-100% a year???
This time around nobody says that the market is priced for perfection, even as a joke. It's ballooned two times beyond that since last correction.


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