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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: marginmike who wrote (123247)9/18/2001 12:25:17 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
<<the question is this months from the bottom?>>

My guess is we're near the end of the 2nd stage of the bear....still have the one where everyone throws in the towel and where equities are widely shunned (and I agree, the "New Economy"...of restricted travel and trade due to the war will need to be fully priced in in the next stage). Valuations will again return to historical norms or better, as will debt levels. It will take more than a few months, IMO. That's not to say some groups won't do well in it, however.
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