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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Jeff who wrote (61680)5/4/2002 10:07:56 AM
From: DebtBomb  Read Replies (2) of 99280
 
'Locust Cycle' May Bug Street for Years
NEED BATHROOM WALLPAPER?

It may be too early to tell for sure whether stocks are entering a secular bear market or a dormant cycle.

"But today's valuations appear to be anticipating a rapid resurgence of corporate earnings, which now looks less and less likely," says DeVoe. "The market may come back, but a lot of stocks won't."

The lesson?

"Stock certificates can make colorful wallpaper for downstairs bathrooms and constant reminders to be more careful in the future," he says.

biz.yahoo.com
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