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Strategies & Market Trends : Waiting for the big Kahuna
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To: Skeet Shipman who wrote (56096)11/1/2001 12:33:51 PM
From: Real Man  Read Replies (1) of 94695
 
I'm sure you can find fat piggies and undervalued gems if you look hard enough. But I was talking about the DJ and SP.
It's difficult to imagine that a 30% decline for the DJ would be sufficient after the greatest bubble in stock market history. p/e, p/book, p/sales - comparing it with historical values. Also, you have to account for momen tum -once the bear starts, it keeps going and going, and going -g-
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