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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Secret_Agent_Man who wrote (218510)2/3/2003 8:14:39 PM
From: Secret_Agent_Man   of 436258
 
Most US stocks remain grossly overvalued. Richard Russell notes:

"January ended with the S&P selling at 28.49 times trailing reported earnings along with a dividend yield of 1.89%. If you think those statistics are indicative of a bear market bottom, you haven't been in this business long enough. The bitter truth is that those statistics are what you might expect at a big bull market top."

ho ho ho!
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