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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

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To: Mike M who wrote (65143)	12/24/2000 12:37:30 AM
From: Sea Otter	Read Replies (1) of 99985

The Economist had an interesting set of articles on the U.S. market. One interesting fact was that the Naz average PE remains over 100, whereas the five-year average is around 60. If we assume a typical over-correction, that would imply 50% shaving of the Nax. 1250, anyone? The numbers might even be worse, should we get this much-anticipated recession of ours. As to Bush, I find that our president-elect completely inspiring. On example: a 40-year old cousin of mine recently got arrested for running crack across the border. But he's not disheartened. He thinks it shows he is presidential material, following in W's footsteps, as it were. So you can expect to see him running on the Republican ticket in 2008, instructing us all in moral rectitude, law and order, and conservative family values (if his parole officer allows it). This is such a great country.

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