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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (50092)	3/6/1999 12:55:00 PM
From: J. P.	Read Replies (1) \| Respond to of 132070

Tommaso, You know, charts like that don't matter anymore. If you've been paying attention, we are living in a new era, an era of low inflation and increasing productivity. Archaic ideas like price to earnings multiples, heck earnings themselves no longer apply to this market. Please read the following article (found on the Cisco thread): A Case Against Earnings: rcmfinancial.com I've compiled a list of things that DO MATTER (in order of importance): 1. Stock Splits 2. Analyst Reiterations and Upgrades (These are unbiased opinions from our brightest minds, and should be paid careful attention to) 4 Company Press Releases 5. Technology Conferences (Where companies give the bad as well as the good) 6. Has, will have, or talks about an Internet Site, or mentions one 7. Company announces it will buy stuff from another company (New since the IBM/Dell blockbuster announcement this week) Now please throw away those annoying charts and graphs, and when it comes to any fundamental analysis, DON'T EVEN GO THERE, it has no meaning in our New, efficient market.

To: Tommaso who wrote (50092)	3/6/1999 2:11:00 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

(Just more graphic evidence (without what I consider the distortion of an analog scale) of where were are now at:) I don't know what you mean by the 'distortion of an analog scale', but the charts you point out share the same distortion that all CNBC charts do. Any chart whose data has a range of greater than 3:1 or so should have a logarithmic (as opposed to linear) vertical axis to have any useful meaning. Regards, Don