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S&P 500
6,001.35
(
0.10%
)
US TECH 100
20,547.20
(
-0.09%
)
Dow Jones
44,293.13
(
0.69%
)
Brent Oil
71.57
(
-0.36%
)
Bitcoin
88,493.00
(
-0.29%
)
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blair1q

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blair1q

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Re: daisyobear post# 1309

Tuesday, 01/23/2001 6:30:52 PM

Tuesday, January 23, 2001 6:30:52 PM

Post# of 2238
daisy

The high multiples awarded many technology stocks were based on growth...

I think that's where the train left the rails in this market.

It might be more apt to say that these high multiples require improbable growth rates to make them valid.

But it's become pretty clear that most "investors" in the heaviest-hit technology sectors had not "based" their estimates on any rational computations. Feng-shui and the caffeine intake of CNBC commentators seems to have had more to do with it.

--Blair

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