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Strategies & Market Trends : Guidance and Visibility
AAPL 259.48+0.5%Jan 30 9:30 AM EST

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To: DebtBomb who wrote (59036)6/30/2002 7:24:49 AM
From: ChrisJP  Read Replies (1) of 208838
 
Hi Dale -- NASDAQ 1000 ? Anything's possible when mob psychology rules.

Throw in the towel ? Doesn't he mean throw in the tattered remains of what was a towel 2 years ago ? lol

As long as interest rates are low, unemployment remains below 6% - 6.5%, Japan doesn't go belly up, and we get no repeats on 9/11/2001, the markets should be near bottom -- give or take a few hundred points, lol. Where it will most likely stay for a few years, lol.

Here's an interesting look at the S&P 500:

siliconinvestor.com

At this point, since 1995 the S&P has increased 100% in 7.5 years. That's 10% on average which is the historical norm. I'm not saying that the markets have bottomed, I'm just saying that the odds are improving that a few years down the road, the markets will be higher than they are now. By the way, the MACD part of the chart still says stay away.

As for the S&P 500's sky high PE ratio -- well that's easily fixed. Just swap out the money losing dogs of the S&P with some boring companies that are profitable and Viola !! Instant decent valuations !! lololol

Regards,
Chris
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