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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (47904)	12/14/2000 8:26:39 PM
From: XBrit	Read Replies (1) \| Respond to of 436258

I understand <g>. But hey, this is still an excellent time to get out of an S&P500 fund. Over the last 4 years, it's risen from 750 to 1550, and so far only fallen to 1340. In the big picture, that's not a real big hit. Every historical metric of stock market valuation still indicates that the S&P500 is massively overvalued. P/E, price/book, PEG, market cap/GNP, and on and on. And of course the PE of the Nasdaq is still in the twilight zone... over 100. Combining those facts with all of the other cyclic imbalances we need to unwind, I think T-bills will be an excellent choice for retirement savings on a 2-year or so timeframe.