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

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To: DlphcOracl who wrote (13945)12/18/2001 12:10:41 AM
From: At_The_Ask  Read Replies (1) of 99280
 
Nazdaq 2100 is only 120 pts. away. Thats not much of a bold prediction. I would expect something more presient from an oracle such as yourself. Although it's difficult to argue with your flawless logic. The market has been going up for three months; therefore it will continue to go up forever. The PE on the S&P 500 is 39. What a bargain. Yielding about 1%. Not much reward for your risk there. Oh I forgot there isn't any risk because markets only go up forever. You my friend are a contrarian indicator. The reason why is because you don't understand basic methods for valuing an investment. The bear market will be over when you and others like you are broke and are afraid to invest in equities.
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