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

To: TRINDY who wrote (55395)9/27/2001 12:57:26 PM
From: Real Man  Respond to of 94695
 
We may put some sort of a bottom within 2 months. I just think lower, if not a lot lower. Collapsed bubbles just don't reinflate, so there is no hope that the bubble highs will be broken any time soon (which is, probably, within my lifetime, corrected by inflation). 89% is how high the market was in 1929 at the peak....



To: TRINDY who wrote (55395)9/27/2001 2:04:12 PM
From: Oeconomicus  Respond to of 94695
 
The maximum value was 213.0%, occurring on 3/9/00. Now, I call that a real bubble with a gap equal to almost nine years of average annual gains.

Aren't you supposed to price tech growth stocks on ten-year forward earnings? ;-)


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