VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (37467)	6/4/2001 9:19:18 PM
From: Sully-	of 65232

Hi RR, "Rudderless market. Searching for direction. Bears thought they had it today but now they scratch their heads." FWIW, I made a couple of $$ playing in the jello. You're right though. I thought the bears would take control today. Still think they will have the upper hand soon. I'm still a bull at heart. It's tough putting on a bear suit, but that's where my convictions are right now. Too many open gaps. P/E's approaching bubble high levels with earnings season soon to reveal some bad YOY earnings comparisons. YOY comparisons for the next two qtr's will be tough too. I just can't justify some current valuations. The Fed is pumping liquidity so there's plenty of $$ to find it's way into the market. That could drive the market up. But what will sustain it? JMHO Ö¿Ö

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