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Strategies & Market Trends : The New Economy and its Winners

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To: fedhead who wrote (13786)	9/4/2002 11:58:01 PM
From: Lizzie Tudor	Read Replies (3) of 57684

Problem is stocks are still absurdly valued in spite of the length of the bear market. Only if you think things will never improve (and, in some cases they may not). By other metrics, stocks today are trading just as they have in most recessions. Stocks were expensive in 91, the difference between the ones I followed then vs. now is now the companies have a ton of cash. I don't remember anybody ringing the bell in 91/92 saying the bottom was in for stocks either, it seems to me there was a lot of barking about how expensive things were then, too. Real estate, otoh is something I want to stay away from. L

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