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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (53569)	7/31/2001 8:39:38 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Nope... Not after the markets have been in the greatest bubble of all time, and the Dow is only down 10% from the top. Do you really expect an 8-year long bull leg from here? The markets will be priced at 1000% GDP then. IMHO they can go up some, but the longer bear has not even started yet. p/e is unreasonable for NAS, p/sales and p/book as well. What we are seeing in the market is hope; hope for a quick post-bubble recovery, which is highly unlikely. If the SCYR is 1.4, this means earnings are likely to come down, if not disappear. Rate cuts don't work in the post-bubble economy; see 1929 and Japan.

To: William H Huebl who wrote (53569)	7/31/2001 9:20:09 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

In other words, I don't believe what the tape is printing. But I'll cover if the market continues up. -g-