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Non-Tech : Secret Squirrels hit!
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To: Trumptown who wrote (7252)8/14/2001 7:21:43 AM
From: ChrisJP  Read Replies (2) of 12872
 
A NASDAQ run for its 50 dEMA (2050ish ?) is not out of the question.

I still say that bottom or not, stocks will return to more reasonable historical valuations. Right now S&P 500 PE is 23 according to bigcharts.com.

15 is normal; I'd settle for 18 - 20 which is a 15% - 25% drop from here. So the S&P 500 should be around 1000, maybe lower, if you ask me.

Chris
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