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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Chuzzlewit who wrote (68481)10/1/1998 12:20:00 AM
From: Patrick E.McDaniel  Respond to of 176387
 
Up goes the techs.

Message 5883216

Pat



To: Chuzzlewit who wrote (68481)10/1/1998 12:26:00 AM
From: kahunabear  Read Replies (2) | Respond to of 176387
 
CW,

I have closely followed (and often owned) these stocks from 1984 - present. The growth was incredible in the early years, yet PE ratios were usually between 10-20 until the last few years. PC stocks have been hammered during cyclical downturns. Backlogs shrink and orders are cancelled. People have lost touch with these realities because things have been so good so long. I think the numbers are wrong.

WS



To: Chuzzlewit who wrote (68481)10/1/1998 10:32:00 AM
From: Lee  Respond to of 176387
 
Hi Chuzz,..**Off Topic**

Link to AGs remarks today.
bog.frb.fed.us
Testimony of Chairman Alan Greenspan
Private-sector refinancing of the large hedge fund, Long-Term Capital Management
Before the Committee on Banking and Financial Services, U.S. House of Representatives
October 1, 1998

He apparently took a page out of your book regarding modeling of trading systems.<VBG>

First, how much dependence should be placed on financial modeling, which, for all its sophistication, can get too far ahead of human judgment? This decade is strewn with examples of bright people who thought they had built a better mousetrap that could consistently extract an abnormal return from financial markets