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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (32564)2/22/2002 11:10:10 PM
From: exp  Read Replies (3) of 99280
 
ZEEV: NAZ 1296 this is ALMOST exactly NAZ Fair Value of about 1,250 (which is based on P/E=30). I think a bottom like that would have more credibility than the still OVERVALUED 1387 level (yes, 1387 was and is overvalued using the Fed model). The ONLY reason 1400 bottom appears credible is because of the BUBBLE valuations on NAZ which persist to this day.
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