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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (13943)11/21/2002 12:16:22 PM
From: Lazarus_Long  Read Replies (1) of 57110
 
In THAT case, they just snuck off the field rather than being routed. There was no panic there.

So, unless this a new bull market starting at SPX P/E of over 40 (as opposed to the typical 7-10 at bear market bottoms), the killing fields will start by year end leading to 3000-5000 DOW, etc. and will totally destroy the idea of investing in the market for the next 10-20 years for baby boomers.
THAT'S capitulation
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