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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (12929)4/23/2001 7:37:55 AM
From: Zeev Hed  Read Replies (2) of 13572
 
The Dow is only 1200 or so from its all time high, the S&P is still selling here at a PE of 27. It will take a series of bear market (followed by bull moves) to bring a balance in the system again, IMHO. But don't despair, the intermediate bull mves will be quite rewarding. The only problem is that buy the dip is not going to work as it has in the 1990/early 2000 period for a number of years, IMTO. Apart of that, you can buy the dips only if you raised money at the interim peaks.

Zeev
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