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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (81120)	8/1/2001 9:16:57 PM
From: Captain Jack	Respond to of 99985

AS -- I'm a bit more cautious than you. Buying little and adding to positions & M funds-- just a little at a time. I really doubt we will see anything great in the mkts for awhile. Have been saying for 8 months "Q2 of '02". The only thing going to move the mkts up is positive earnings. The only positive I see is Q1 has lower numbers to compare loered expectations to. Remember-- the S&P is values pretty high here and at least 1 more qtr of bad #s coming. In good times the S&P runs a pe of 17 - 21,,,,,,,,,,, we are looking at 22+ and more bad earnings coming. Not a bear-- but not excited yet either.. Nice seeing ya again!