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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (49741)12/20/2000 8:25:55 PM
From: Gary105  Respond to of 94695
 
To put things in perspective - despite the drop so far, the S&P is now trading at a similar p/e as it did BEFORE the 1987 crash. Imo we will not see bottom until there is total capitulation in the market....most likely at levels much lower than current ones.



To: GROUND ZERO™ who wrote (49741)1/1/2001 10:46:11 PM
From: blitzfund  Read Replies (1) | Respond to of 94695
 
Hi GZ,

Well I guess we didn't get to 1250 on the S&P 500 in Y2K.(1254.07 close, but no cigar).

It's now Jan 1st but to me it feels like Nov 1st of Y2K.

Since the S&P 500 held 1325, do you think it will make another run at 1250 and then break to 950-980?

Blitz


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