Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Oak Tree who wrote (87357)	2/16/2001 5:31:04 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Oak Tree - "when everyone thinks things are down is when they are actually about to get better" ... actually; people have been saying that since NAZ 3900-3500 fwiw. The pundits have been calling a tech bottom since April of last year... how about reality: 2900 points down from the top and only 200 up from the bottom for the NAZ ... if that doesn't sober one up - nothing will. We are still at historic valuation multiples - way, way, way over "normal" let alone recessionary valuation levels. The sober arguement can be made - that if we never saw the NAZ over 3000 in the last two years; that THIS - right here, right now - THIS a historic valuation BUBBLE of unprecedented proportions - right here, right now, today at NAZ 2400. Would you like me to pass the smelling salts (VBG) ?

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