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

To: Les H who wrote (63086)11/25/2000 11:01:16 AM
From: el paradisio  Read Replies (1) | Respond to of 99985
 
Wow!,what's a rally...almost 6% up on Nasduq in 3 1/2 hr...
Just face the reality, who was buying: computers or a real people ???
Let's see the action on Monday ...
I think,this might be a bear trap.
Regards,
el



To: Les H who wrote (63086)11/25/2000 7:57:01 PM
From: eddieww  Respond to of 99985
 
Les: Thanks as always for the great links.

the Economist article you linked says:
"...the median American share already has a P/E below the historic average"

They would be measuring what? Wilshire 5000? Do you know where one could find a leading or trailing aggregate p/e for the Wilshire?

I certainly don't disagree with their statement, given the long deterioration of market breadth, but it would be nice to be able to confirm that it's that low.


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