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Strategies & Market Trends : Sharck Soup
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To: American Spirit who wrote (15076)4/5/2001 8:35:18 PM
From: Brandon   of 37746
 
Go long or short. It doesnt matter to me. Im just telling you if the PE of the Nasdaq 100 went to 20, which is a reasonable growth PE, it will be at 1100. Look at some longer term charts. If they were intraday charts you would say they are still over priced. In the end all charts work the same, the longer term ones just take longer to work through. The fact is that our economy is in trouble. The stock market is not a cause of that, its just a symtom. Real Estate prices are going to be next. They have been twin bubbles feeding each other. I suspect we will get a bounce for the next quarter or two here, but it will give a great short setup big picture that will take us under 1000 for awhile before we head back up to an average valuation. But, before we see that we need to see stupid on the downside, we havent seen it yet. A bear market has never, NEVER ended until consumer debt hits all time lows. Guess where consumer debt is now? It is one of the only things making new highs.

Brandon
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