Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (2337)	3/11/2001 6:19:48 PM
From: westpacific	Read Replies (2) of 74559

Tradermike - there is still so much air in many of these stocks, anyone that sees much on any rally is dreaming. Spending the whole weekend redeploying many tracking lists - and let me tell you there are so many beautiful shorts. Within tech, within the NYSE, within the DOW - take a look at some PEs in healthcare, insurance, retail, banking, schools, biotech............ The ballon is still half full - and that 500 target would put us back to 1990 levels on the NAS. Now if this truly does turn into a global recession and what with the debt levels it could become reality. The bigger reality is the DOW - everyone thinks they are safe there right now, this will be the next big crash to come in the next few months. Take a look at PEs over there. You think technology is expensive. Once again - this is the best thread on SI. West

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