MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Alex MG who wrote (15021)	12/1/2002 2:07:12 PM
From: J.T.	Read Replies (2) of 19219

Remember this? Message 18242928 And specifically the Bear turned Bull I mentioned here? I know one well respected long term Bear who turned Bullish blowing up the P/E argument you put forth. Do you know what the DOW P/E ratio was in 1932 into the bottom and 1933 P/E ratio after the initial melt-up? Do you know there was absent earnings in 1982 before the great bull commenced and do you know how high the DOW and SPX P/E ratio spiked in 1982 before the mega launch of the great Bull market? Get a copy of Barrons and read up on this Bear turned Bull on page 32. It is no easy task to think outside the box and be fiercely independent - especially when put through the fire and skeptics hurl heapings of venom and additional servings of mockery. But we are above all that drivel. Hope your pancake flipping is going well.<g> Make sure you get out and smell the brisk fresh air. Happy Holidays. Best regards, J.T.

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