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To: Zeev Hed who wrote (18650)1/26/2001 10:02:32 AM
From: Jason W  Respond to of 60323
 
I believe that by Next
Wednesday we will start and move back down into a February massacre.


I tell you that I value your opinion, and THIS is what you have to say?<g>

Jason
LTBH or heed the advice of some guy named Zeev?:-)



To: Zeev Hed who wrote (18650)1/26/2001 10:17:03 AM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 60323
 
I believe that by Next Wednesday we will start and move back down into a February massacre

I won't hazard a guess on timing, but I am in complete agreement with you on the upcoming "massacre". Too many stocks are still too expensive to provide for much appreciation, especially in a slower economy.



To: Zeev Hed who wrote (18650)1/26/2001 2:35:33 PM
From: Trader X  Read Replies (1) | Respond to of 60323
 
Now vs. 1929

Important facts to remember when comparing valuations today vs. 1929, in the past dividends were far richer than today, in fact they are almost non-existent today. Sans dividends the average stock should have a higher market cap. other facts are growth rates which reflect higher global trade by american companies. In short, it's a different world today. but I agree that there is going to be a period of bottoming for the next 6 months that alternates between bull and bear.



To: Zeev Hed who wrote (18650)1/26/2001 6:21:19 PM
From: Art Bechhoefer  Read Replies (1) | Respond to of 60323
 
Zeev, puleeeeze! Your comparisons with 1929 are simply specious. Did it ever occur to you the wide number of stock holdings today and the far less value of traditional holdings such as real estate might account for the difference in stock market valuation to GNP? What do you think the unemployment rate was in the early 1930's? I guarantee it wasn't just over 4 percent. And what about the nature of foreign trade today compared with the restrictions and tariffs imposed by most major nations in 1929, which helped bring on the depression?

Do you think SNDK is "still richly priced?" I don't.

Art