Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (23956)	8/27/1999 2:31:00 AM
From: Compadre	Read Replies (1) \| Respond to of 99985

Donald: <<<(today would be DAY-2 which should either be flat or down strong)>>>>> Do you mean down slightly? Regards, Jaime

To: donald sew who wrote (23956)	8/27/1999 4:24:00 AM
From: PerryA	Read Replies (1) \| Respond to of 99985

To All: I lurk this thread for the intelligent discussion and historical perspective, and appreciate the many informative posters. One issue I have been mulling over for some time regarding overall market valuations is how a relatively small number of stocks can skew the market ratios. For example, based on Zacks data, the S&P 500 (forward) market multiple is roughly 27.2 (earnings yield of 3.7%), but the median S&P 500 market multiple is 17.9 (earnings yield of 5.6). Furthermore, more than 75% of companies in the S&P 500 have a multiple lower than the composite multiple (27.2). In short, I am interested in knowing whether the current level of skewness in market valuations is unusual (I assume it would be greater than normal due to many internet stocks with high valuations and little or no earnings) and what effect that should have on our overall market outlook. Regards, PerryA

To: donald sew who wrote (23956)	8/27/1999 7:17:00 AM
From: dennis michael patterson	Read Replies (2) \| Respond to of 99985

Don and Thread: can you recommend a site where the intra-day meanderings of the follar can be followed as well as a LT picture/chart of the dollar against the Euro, DM and Yen? THanks!

To: donald sew who wrote (23956)	8/27/1999 11:57:00 AM
From: Robert Graham	Respond to of 99985

Cooper mentioned two items in his daily market review for today that is worth consideration. One was that yesterday the S&P gave back all of Wednesday's gain. Since Wednesday's relatively heavy volume came on only slightly more advancing than declining issues, it suggests distribution. Another item is that the ability of the S&P's to hold the level above its 50-day EMA (around 1360) will be telling. Also it will also be interesting to see whether the Dow can register a new weekly close above 11,210. Comments? Bob Graham