The Justa & Lars Honors Bob Brinker Investment Club Message Board

STOCKTALK

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.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lars who wrote (3497)	2/27/1999 11:18:00 AM
From: DD™	Read Replies (2) of 15132

*8 A MONTANT GRIZZLY BEAR SIGHTING ** March 1, 1999 Barrons Market Watch InvesTech 2472 Birch Glen, Whitefish, Mont. 59937 FEBRUARY 19 ~ The mounting evidence is not about an impending correction or cyclical market downturn. It is about a major historical risk of a bear market, the likes of which we haven't seen since 1973-74 or longer. Taken individually, any of the technical warning flags might be of concern. Together, they are convincing proof that this is one of the highest-risk markets in a generation -- and that the final top may be at hand. That concern can only be heightened by an understanding of valuation levels. The DJIA would have to fall all the way to 4000 before the first of the three major valuation ratios (Price/Earnings, Price/Book Value, or Price/Dividend) returned to its 70-year average. Meanwhile, the message from OTC growth stocks is no less ominous. Final December figures from the Nasdaq came within a fraction of our projected yearend P/E of 93.5. We estimate that as of February 1, the P/E has moved up near 105. That's nosebleed territory! -JAMES B. STACK DD

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next