Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (20369)	10/17/2002 11:49:12 AM
From: Mike M2	Read Replies (1) of 36161

Slider, good comments. Its funny how the Wall St shills ignored market history when the market was valued at near twice historic PEAKS. Even after the recent decline we are more highly valued than 1929 at the peak. Yes 50% declines in the S&P are rare but so are bubbles. One important fact that Hoey leaves out is in the past when markets get cut in half stocks are at historically cheap valuations. Bear markets bottom at historically cheap valuations - this current ramp is nothing more than a spectacular bear rally (IMO). mike

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