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Non-Tech : Net setting & Spearfishing (picks & hot stocks)
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To: John Anderfuren who wrote (2419)9/22/1999 2:32:00 AM
From: Gary105  Read Replies (1) of 2585
 
john, could you give rationale for Nov 13 low? and to what level do you expect drop? i think today could be critical for indexes as S&P is near support level (although dow still has a way to go and nasdaq is well above support). fundamentally market appears very overvalued (mainly the large caps) with market p/e well into the 20's. on the other hand bearish sentiment (contrary indicator) is growing. The ultimate bearish site is dowguru.com

Great call on hmsk however it looks pretty fully valued now.
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