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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (11256)	3/6/2001 11:36:31 PM
From: Sam Sara	Read Replies (2) \| Respond to of 13572

I think money destined to stay in stocks already went to Dow. Look at GE, the bluest of them all. I would not go long on that one just now. That is what makes me worried here. P/E is being compressed across the board. Sentiment remains bullish. Even the bears have become bulls. WTF? One way out of this conundrum, and a way to reconcile our (mildly divergent) views is to have all indexes take a tumble over the next few weeks, Naz sub 2K, Dow sub 10K, SPY sub 1200, to give us a sentiment reversal, leading to an intermediate bottom. Then rally for a few months to get the sheep back in fleecing position, then the fun really starts. Unless you are a (very good) short term trader, this is tough slogging here.