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Strategies & Market Trends : Complacency Indexes
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To: TechTrader42 who wrote (805)3/24/2002 1:38:31 PM
From: MechanicalMethod  Read Replies (1) of 1487
 
Hi Brooke,

If JPM says PE's are high I see it as a buy signal. Perhaps JPM isn't saying they're high but just compiling the stats? When a reporter says strong earnings are needed it makes me think price will go down if earnings are strong and up if earnings are weak ... or something contrary along those lines. That's why I don't read that stuff unless someone posts it and then I normally skip past it. I guess I'm too complacent just watching price.

Anyway it's nice to see you posting on a Sunday.

Best regards, MM
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