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To: EWS who wrote (28498)8/27/1998 11:41:00 PM
From: AltLar  Respond to of 95453
 
I suspect the major indecies are going to continue to fall. Valuations of many of the "leaders" are very high particularly in an historical perspective. Prehaps we are in a period of readjustment. If so what would you rather own? CSCO at 90 time earnings (and be showing a gain of 30%) or CXIPY at 5 time earnings and showing a 30% loss?