Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: TREND1 who wrote (11067)	12/6/2001 10:54:55 AM
From: Justa Werkenstiff	Read Replies (2) of 99280

Larry: Please look at valuation issues. If the market has never, ever paid before the kind of multiple attached to it in the S & P 500 today -- even at the peak -- what makes you think the market will pay an even higher multiple tomorrow? The only reason outside of bubble thinking is that the market is discounting a huge "V" shaped recovery. Well, I don't agree. Market will take some time to work all this out. Enjoy the trend ride while it lasts and Lord knows it has been a long ride for you <g>.

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