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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks

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To: Vitalsigns who wrote (2705)12/5/2001 11:31:11 AM
From: Canuck Dave  Read Replies (1) of 2773
 
Boy, do I feel stupid (again).

Buying gold and silver stocks and missing a 30$ run in CLS. Even old T.IW up 50% today. Trading from the wrong side (again).

What's that saying about the market staying irrational longer than you can stay solvent? Saw a piece on a show last night that said 'historical' PE valuations may not be a good way to judge the markets. The 'Fed funds' method says S&P PE's should track fed fund rates.

In other words, if interest rates are 10%, PE's are 10, and if 2%, PE's are 50. Markets have tracked this method pretty closely. What do you do for the Nasdaq which even now has a negative PE?

CD
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