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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (3565)	1/9/1999 2:28:00 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

<<What would the market multiples look like excluding the NAZ 100 and the internutz stocks? I believe this narrow segment of the market has a huge weighting on the averages, which ultimately skews the numbers.>> This is the exact type of rhetoric that I was hearing last summer. I think the best answer I heard for it was: If you excluded all the high priced ones- you should also exclude all the low price ones AND- waa-laaa you have the same P/E. BTW - An article the local Sunday Business section was in summary about how we're at a new level, and stocks SHOULD be worth 50 to 100 times earnings now. Complete drivel. There's a special place in hell reserved for that writer. TW