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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST

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To: sixty2nds who wrote (54067)10/4/2011 5:08:20 PM
From: Return to Sender1 Recommendation  Read Replies (2) of 95530
 
I believe that when the S&P 500 hits a previous bear market low P/E ratio of 6 or 7 again you could ultimately be right. I am not talking forward looking P/E but actual P/E. Right now the P/E is a shade over 19:

multpl.com

At some point investors will be so sick of the stock market that the bear will have to die. But does the S&P 500 fall to 400 before that happens or do earnings rise without the S&P 500 rising to reflect past beliefs that a P/E ratio 19 is actually low?

It's nowhere near historically low.

Bottom line eventually we bottom and relive the excesses all over again where stocks can appreciate for years. Yes eventually INTC will sell for more than it did in 2000. I believe that. What I don't believe is that it will do it anytime soon. We have been in a bear market for over 11 years and it could be many more before it bottoms.

Does not mean money cannot be made at the next major bottom. It will be by some. I intend to do it but also trade out of stocks 12 to 13 (something like that) months after I buy in.

JMHO RtS
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