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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.03+1.0%Nov 21 4:00 PM EST
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To: RealMuLan who wrote (46298)4/14/2000 4:33:00 PM
From: Crimson Ghost  Read Replies (1) of 99985
 
The thing is the techs and big cap growth stocks still are very expensive despite the carnage of the past few days. At bear market bottoms stocks usually are UNDERVALUED by traditional valaution tenets. We are nowhere near that level now.

That said, a good bounce could occur at any moment. But do not expect a new bull market anytime soon.
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