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Non-Tech : Money Managers after the Perfect Storm

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To: RetiredNow who wrote (14)2/26/2002 11:54:56 AM
From: Skeeter Bug  Read Replies (1) of 46
 
>>If going from a high of 5500<<

i recall a touch over 5000, not 5500.

>>to 1700 on the Nasdaq isn't a big bust, I don't know what is<<

look at japan. biggest creditor nation to biggest debtor nation in a decade. they are unable to jump start their economy with NEGATIVE interest rates. 12 years after the nikkei high, they are hitting lows... 12 years after the highs, unemployment is hitting a high...

that is a BUST.

>>I think the big bust must have escaped your observation. :)<<

i know the naz has been smashed. what i'm concerned is that the naz bust is just the BEGINNING of a negative spiral in the same way that greenspan faking gdp growth started a 4 year positive spiral.

>>Yes, the S&P500 is at historically high PEs, but take away the top 50 and the rest are at historically low PEs. Good buys. You just have to know where to look and it isn't in the large cap area.<<

mind, i have no opinion on whether the out of favor, value stocks provide a decent return. i wouldn't be surprised if they did. my choice at this juncture is to be cautious.

>>You just have to know where to look and it isn't in the large cap area.<<

we should rename the large caps, "medusa," huh? ;-)
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