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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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Nov 28 4:00 PM EST

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To: fedhead who wrote (21587)	7/30/1999 9:23:00 PM
From: donald sew	Read Replies (2) of 99985

Anindo, >>>> So you are not ruling out the possibilty of a bear market this time around. <<<< Im not ruling it out, but Im still more inclined of a correction in the 10% range for now. When I talk about a bear market, Im talking about something quite severe and that would last for more than 1 year. My position is that within 5 years the S&P could be trading in the 15-20 P/E range. Right now I understand that the P/E is in the 30-35 range. seeya

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