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Strategies & Market Trends : Rande Is . . . HOME

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To: DlphcOracl who wrote (44855)	1/7/2001 7:35:38 PM
From: Stuart T	Read Replies (1) of 57584

Naz-100 P/E is about 175 siliconinvestor.com I have also seen other numbers floating around and they are all high P/Es. With the market so scared these days and earnings coming out, it wouldn't take much to bring the market down substantially lower. Longer term I think we are going up. I just don't think there is any hurry to put additional money back in the market. Wait until a bottom is firmly in place and the longer term trend (weekly chart) is in an uptrend. Remember the Presidential Election Cycle for Investments. "An interesting indicator is based upon the presidential election cycle. Simply put, every four years,stock prices tend to perform much better in the last two years of an administration rather than in the first two years. This difference arises because the incumbent President in years three and four acts politically to ensure the party's return to power. Yale Hirsch has extensively researched the cycle,with the results providing evidence of the validity of this indicator.The last two years, (election year and pre-election year) of the 41 administrations since 1832 produced a total net market gain of 557%, far in excess of the 74% gain of the first two years of these administrations. Although the evidence is convincing, there have been misleading signals. For example,in 1985 and 1986, when stock prices should have been weak, they were up 27% and 17% respectively." google.com Just my opinion

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