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To: MythMan who wrote (47937)12/14/2000 9:11:22 PM
From: XBrit  Respond to of 436258
 
Yeah, and those over/under valuation projections are based on forward earnings estimates. The 2001 earnings estimates are almost certainly going to be cut waaaaaaay back from here.

Also, of course, the oscillator is likely to swing to undervalued before it comes back.

Combining those two factors, I find it very plausible to expect downside to below 1000 on the S&P500 during 2001-2.