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Pastimes : Ask Mohan about the Market

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To: Joss who wrote (11870)	12/18/1997 11:52:00 PM
From: Hector	Read Replies (1) of 18056

Steve, I'd like to and it may happen. However, I'll put my money on next Monday and Tuesday since the days right before Steve, Yes, I would like it to happen tomorrow but I'm betting on Monday. Steve, I would like it to be tomorrow, but I'm betting on Monday. The days right before XMAS are usually very strong. Same for the couple of days before and after New Years. After that, I'm betting on a big decline in the New Year. We're in a bear market and I expect it to be much bigger than anyone expects. Psychology drives the markets. A PE of 20 or higher may be fine on many stocks in a bull market, but in a bear, below 10 is the norm and it doesn't really matter what interest rates are at the time. Look at Japan and you'll see what I'm talking about. Dave Regards, Dave Regards, Dave

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