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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.28-0.5%4:00 PM EST
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To: Math Junkie who wrote (74276)4/6/2001 9:37:44 AM
From: Doug  Read Replies (1) of 99985
 
R.P: That list may be based on trailing earnings. No one has a clue about forward earnings.

So its best to base our valuations in terms of the PSR during past SEMI cycles. That was my basis why I thought them to be overvalued.

It may be prudent to wait till we hear some positives in the CC's.
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