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Strategies & Market Trends : Watching the market collapse -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (58)8/2/1999 10:07:00 PM
From: paulmcg0  Read Replies (1) | Respond to of 150
 
It annoys me though, when I see things like this link:
cnnfn.com
where Abby Cohen receives a lot of money to tell people not to panic, because the S&P 500 is "fairly valued" now. I am sure there were burghers in the Netherlands saying something similar as the financial mania over tulips collapsed...

If you look at any historic measure, such as P/E, price-to-sales, dividend yield, etc. this market is still way overpriced and has a lot further down to go.