Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stock Farmer who wrote (15066)	2/16/2002 9:36:51 PM
From: AC Flyer	Read Replies (2) of 74559

Hi John: Nice chart. It could be argued that the DOW, S&P and Nasdaq are back in the channel, so to speak. Many people are troubled by high P/Es. One read of this "problem" is that stock prices have much further to fall before the bear market can end. My point of view - I don't claim it as a certainty or as manifest destiny - is that P/Es are high because: 1) earnings have been extraordinarily depressed by "kitchen sink" writeoffs; 2) the market is anticipating a strong profit recovery, and; 3) we are not in a primary bear market, but have experienced a severe correction in a bull market, with investor psychology still strongly oriented towards equities. That said, there is plenty of room for good stockpickers and traders to make money both long and short. Nevertheless, I am comfortable with my LTBH long positions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next