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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Alastair McIntosh who wrote (15766)5/13/2001 4:58:09 PM
From: Crimson Ghost  Respond to of 30051
 
Note that the stock market rarely traded much above the 20% overvalued level until the huge 1999-2000 blowoff. Assuming that was a one time event -- not to be repeated in our lifetime -- the S&P seems to have considerably more downside risk than upward potential right now.



To: Alastair McIntosh who wrote (15766)5/13/2001 5:17:45 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Alastair, sure I believe, I just wanted to be "conservative" (g).

Zeev