VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: limtex who wrote (46529)	1/16/2002 11:36:03 AM
From: Mannie	Read Replies (2) of 65232

<Thats really it. Recovery.> Actually that's half of it, with valuation being the other. Even if we were to get a strong recovery starting today. Valuations are sky high. The market would have to sit still for a considerable amount of time as profits improved, to get back in synch. More likely is a disappointing recovery scenario, investors get discouraged and the markets revisit the lows.....recovery and and improving markets sometime after that.

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