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To: Paul Shread who wrote (10432)8/20/2001 8:54:05 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
You know...we should all be paying attention to that line....a lot of attention...

Then again, are we correcting the Nasdaq run since 1991, or are we correction the Nasdaq run since 1982 (when most believe the overall bull started)...if the latter, maybe we need to find support line from 1982....I think most bears think we are correcting the entire bull run here since 82'...

One thing's for sure, if we break that 1990 line, that should bring a bit of...shall we say....worry.



To: Paul Shread who wrote (10432)8/20/2001 8:57:29 AM
From: Doppler  Read Replies (2) | Respond to of 209892
 
With all this talk of sentiment readings and contrarian indicators, I am more interested in historical benchmarks like PE ratios and Book Value measures during previous bottoms. A previous link showed a PE of 6 or 7 during the 1982 bottom. I wonder if there are any journalists that might want to write an article (or know where we could find such info) on present metrics like PE etc. <vbg>



To: Paul Shread who wrote (10432)8/20/2001 9:19:05 AM
From: AllansAlias  Read Replies (4) | Respond to of 209892
 
isn't one sign of the final phase of a bear market that everyone is aware that it is a bear market, but stocks keep sliding anyway?

We are not nearly that far along Paul. Bear market for non-tech blue-chip hasn't even started and tech is in early stages. I look at it more as a s-t signal.

I think the cover of Newsweek was a feature on the overextended consumer -- credit bubble gets popular press.