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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (58858)8/26/1999 4:29:00 PM
From: TRINDY  Read Replies (1) of 86076
 
Heinz and all, take a look at the mid-cap 400 (^mid). I was down only 0.5% today, is bearly (sic) off its recent lows and is still down 6% from its peak. With the DOW just one day off its new high, this is significant and possibly indicative of the bubble coming to an end. Comments are frequent on this thread on "bad breadth" of this market. The behavior of the mid-cap provides broad "price" evidence of this occurring. Can the generals continue charging ahead for long without bringing in the reserves? I would like to know the PE of the mid-cap in comparison to the S&P 100 if anyone knows where to find it.

Cheers!
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