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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (26705)9/10/2001 12:59:06 PM
From: TRINDY  Respond to of 30051
 
AS--Don't give me that Myron Kandel stuff. He is responsible for multiple billions in losses for J6P. I don't listen to him all the time, but I've never heard him utter a negative word on the market, from 5000 on down.

Best of luck to you. BTW, I am looking for an entry point here, but only because I believe that irrational exuberance is not dead. It has at least one more dying gasp.

Cheers!



To: American Spirit who wrote (26705)9/10/2001 1:01:52 PM
From: Alex MG  Read Replies (3) | Respond to of 30051
 
Plenty of value out there??... The S&P 500 still trades at a p/e of 30ish with the historical average being 15 and bear market bottoms below 10. Careful of those "experts" you listen to.