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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (26687)	12/21/2000 12:01:42 PM
From: Dealer	Read Replies (2) \| Respond to of 65232

OK! I saw that somewhere.....but when you bring up PE's does everyone know that??? What a shame. dealie

To: Cactus Jack who wrote (26687)	12/21/2000 12:16:07 PM
From: jcky	Read Replies (1) \| Respond to of 65232

jpgill, < By the way, this thread seems to have returned to its old lovable self. Good work, and the heck with the naysayers. > Well, it's alot easier to be bullish when the Nasdaq has plummeted over 50% and most newbie investors are finally getting bearish. <g> In the long term, the stock market goes up 7 out of 10 days and the general trend is up. But that doesn't imply bear markets aren't a natural part of the market dynamics. What do you think the market does in the other 3 out of 10 days? Market declines are always faster and more ferocious than market climbs. It's the law of the land and no individual stock climbs up forever. What has me a little disconcerted this year is the number of investors in denial. When the Feds were cutting interest rates six times (that more than the number of fingers in one hand) and decreasing liquidity, bulls were maintaining some ridiculous vision of Nasdaq 5000+ in the near future. Even to this day, some well known members of SI refuse to acknowledge the Nasdaq has seen one of the worst bear markets in its history. I don't know if its pride or denial but I'm not going to press the issue. The bottom line is to maintain a level head and to also consider both macroeconomic and fundamental (this does include valuations) issues affecting the stock market. Clearly the Nasdaq is closer to a bottom now and the Feds have a change of heart. A little patience is all that is required. Regards,