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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: JWest0926 who wrote (4491)	8/29/2001 4:02:10 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

I tell you there is still not a lot that is undervalued in this market, and the key concept is that the US equity market is looking at stocks through the sole prism of valuation. It's disturbing that the Wall Street Firms have the largest percentage of equity Allocation in stocks ever, this summer, since we're in a bear market and they are all trying to call a bottom, and it's disturbing to see the very low levels of insider buying and the very high levels of insider selling that is still occurring. The argument has been made the past few years that not only has the US gone through an Equity Market bubble but also The Equity Markets of Europe and Asia as well. This could indicate a much longer work out process than just about everyone is prepared for. John