SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (16042)2/4/2003 9:05:39 PM
From: Alex MG  Read Replies (1) of 19219
 
What is your factual evidence that the mkt is about to break new lows.

Did I say that?... No, that's not what I said

I said, "if you look at the cold hard facts the odds are very strong we will see lower lows"

The facts that tip the scales to lower lows are pretty simple

- Historical valuations
- Historical trough valuations at end of bear markets.
- Considering the historical magnitude of the bubble we experienced the inverse reaction (bear market) pendulum swing is likely not over.
- Is there any evidence of a real turn-around in earnings? Enough evidence to support such lofty forward valuation multiples??... No, actually just the opposite, the recovery keeps getting pushed back, once again.

of course you may want to ignore all what history tells you about how bubbles finally end, you may think this time "it's different", and of course we surely mustn't "fight the Fed"?? lol!

There's enough evidence for me there, and I didn't even bring up the impending War
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext