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Strategies & Market Trends : Complacency Indexes
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To: TechTrader42 who wrote (1154)5/3/2002 7:29:10 AM
From: Monty Lenard  Read Replies (1) of 1487
 
I don't think a lot of people realize how overbought the market was during the bubble.

Brooke, that is the key in my opinion. I tend to catch myself looking at a stock and saying "that is cheap". I base that on where it has come from on the way down rather than where it was in 97-98 before the mania began. Comparing todays prices to the highs in 99-00 and calling it cheap is a huge trap.

Monty
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