Trading the markets..... Message Board

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Pastimes : Trading the markets.....

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To: William H Huebl who wrote (2058)	12/18/2000 7:06:33 AM
From: Mephisto	Read Replies (1) of 4583

This market keeps giving off sell-signals and I think there is a large population out there who have been burned enough to question the suitability of buying stocks with 150 PEs based on forward earnings... not in the least that their technical charts look terrible also! So even though we have upwards of a trillion dollars waiting on the sidelines... let's not make the same mistake twice by believing any pop is more than just that! Think you could be right. Also, consumer and corporate debt is at an all-time high. Consumers and corporations have borrowed on the expectations that the markets would keep moving higher. That's what I read, anyway so I'm not sure if a cut in the interest rate or even a move towards bias will help the markets in the near terms. Get mixed opinions about Xmas shopping around here but there is some feeling that it hasn't increased over last year. Xmas shopping? Have you finished?

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