JANKOVSKIS PREDICTS; New depths loom on Nasdaq horizon.(Brief Article)

Pensions & Investments, November, 2000 by Burr, Barry B.

Peter Jankovskis, director of research, OakBrook Investments LLC, Lisle, Ill., asks where does Nasdaq go from here, now that the total return on the composite index, including dividends reinvested, is down 26.99% for the year as of Nov. 13. It's ``likely to head still lower,'' he concludes.

The reason: the valuations of technology shares are still high and could portend further decline in the index. The combination of the uncertainty regarding the results of the presidential election and Dell Computer Corp.'s lowering of its sales growth forecast pushed the Nasdaq index to a new low for the year on Nov. 13, to 2966.72. Despite its plunge, the index is nearly twice as high as two years ago. ``Since the close on Oct. 14, 1998, the day prior to Alan...

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