Drillbits & Bottlerockets Message Board

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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Jorj X Mckie who wrote (4217)	2/22/2001 3:20:31 PM
From: Original Mad Dog	Read Replies (1) of 15481

Chart says 2000 or so....but with that much time elapsed and the sentiment right now, I think we go a little further. Some of the big name techs are still at PE's above the historical norms for large caps even though growth may have come to a crashing halt. The second half of 2001 ain't gonna save us, it will only confirm the fears. The more it goes down this year the more room there will be to get a real recovery rally going next year or the year after. Other than dollar cost averaging into mutual funds for the kids' college and our retirement, I have put no new funds into the market for awhile now. And the funds that were already in are pretty much evaporated. So I will just wait awhile longer and take the plunge only when it appears that the economy is bottoming out. Which I fear is gonna be awhile.

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