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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (45397)12/20/2001 12:43:46 AM
From: Mannie  Read Replies (1) of 65232
 
Wow. What a response, JW Cornbread.

Stocks are definitely a major area where I will put my investment dollars. Real estate is the other, not necessarily in this country, though. For personal reasons, not because I am avoiding investments here.

I am off balance right now when it comes to evaluating equity investments, I will certainly admit that. Having been out of the country, and out of touch during the latest rally, I'm not going to chase it here.

I think, by any measure, market valuations are high. Perhaps the last vestiges of bubblemania. I think there is another deep market low lurking out there in 2002, somewhere not too far off. Valuations are so far out of whack from historical norms, we have to return to the mean. I think the economic data from q4 and the upcoming q1 are going to initiate a plunge. Washington State unemployment is over 7% & rising.

Thanks for your thoughtful and typically brilliant response. I still think we have another shoe or two, yet to drop.

Ducky.

I think I'll go skiing and ponder it all.
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