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To: margin_man who wrote (29506)	3/24/1999 10:55:00 PM
From: P314159d	Read Replies (1) \| Respond to of 36349

It is amazing how fair valuations equal 27 times fwd PE (1325/49) today with interest rates at 5.5%. In the 60's, it was 21 to 22 current PE with 3% bonds ( and it was widely recognized as overvalued) and we got 3 bears. Then we had '87 with a current PE at 22.5 and fwd PE around 15 (45-50% growth - expected and realized), but got a crash! But their ain't nothing wrong now! Nope, A/d,R2000, new highs/lows all look awesome ! good call Abby! <G> Be we can't get hurt investing in the Net!

To: margin_man who wrote (29506)	3/25/1999 2:49:00 AM
From: NW Bronco Fan	Read Replies (1) \| Respond to of 36349

Now that makes sense. She's lowering her S&P earnings forecast for the year by over 3% but increasing the index targets. This just in, earnings are going to suck and we're lowering our earnings estimates for the year, but our index forecasts have already been met so we're increasing them again. This, of course, will be followed by a statement in about 4 months where she lowers earnings estimates yet again so there will be none or negative growth in earnings for the year, and then increase the index targets to represent a year over year a 20% return.