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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (39918)	6/17/2001 1:31:26 PM
From: HoodBuilder	Read Replies (1) \| Respond to of 50167

GZ, I have great respect for your opinions but I have one question? The P/E of the S&P carries a historic norm of 15, at the present time the index carries a P/E of approximately 26.5, with earnings revisions working their way lower how will the index make a new high without returning to P/E levels seen only during the last market bubble? I agree with your comment regarding market sentiment and reduced levels of margin debt but I have a hard time swallowing the fundamental case for a move higher.

To: GROUND ZERO™ who wrote (39918)	6/17/2001 2:47:35 PM
From: TWICK	Read Replies (1) \| Respond to of 50167

Still don't see the difference between a "substantial move" and "another huge rally", a.k.a a "Naz Explosion". I'd rather see this market go flat for a few years. I mean dead flat. I want it so boring that SI will shut down because it can't support itself anymore. I want everyone to just turn off the lights in their portfolios and worry more about decreasing their debt, and beefing up their savings. I will be in the background scooping up cheap shares all that time. Question is... What is cheap right now ? What will be cheaper this fall, this winter, next year ? What company will survive ? What new companies, and potential future bubble sectors will spawn from this cleansing of the filth we created in the late nineties. Still too early to tell. Still too many hogs to slaughter. Let the butchering continue. Death to all hogs <gg> Twick