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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: fuzzymath who wrote (10542)3/22/2000 12:55:00 PM
From: OldAIMGuy  Read Replies (1) | Respond to of 18928
 
Hi FM, The market low point of Dec. 1974 brought the Value Line P/E to just 4.8!!! Now THAT'S a Buying Opportunity!

Yes, there seems to be an incredibly large body of stocks that are earning good money that nobody loves. Then there's the stocks that show up in my Speculation index. Here's what it looks like:
execpc.com
I can understand why so many investors are confused by a market with a low average P/E and an outrageous amount of speculation. It would appear that every momentum player in the world is playing Musical Chairs with the same few stocks. There's going to be a "lesson" learned here. Why is it that anything called a "Learning Experience" is usually unpleasant? :-)

Best regards, Tom