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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (10157)2/14/2001 11:22:37 PM
From: DlphcOracl  Read Replies (1) of 13572
 
Greg: What will the next bull market look like?

Just like the last one minus the dot-coms. Memories are short and a bear market will not eliminate the innate greed investors have for oversized returns. Right now, fear prevails and value stocks are in vogue. However, as soon as investors sense that there may be a sustained turnaround and there is evidence of renewed capex and corporate IT spending, tech investors will come piling in again and P/E's of 200 and over will resurface. I would not be surprised to see NASDAQ reach 5000 in late 1003 or Q1 2004.
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