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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (10818)2/27/2002 11:36:03 AM
From: Shack  Read Replies (1) of 19219
 
I agree the cyclicals are leading. But they are equally worrisome as I don't believe the likes of CAT, AA, DOW, WHR etc should be trading at better than 25 times earnings and many are far above that. Their bottom lines will desperately need to pick up, which may indeed happen.

Cheers,

S
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