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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (5817)11/15/2001 7:51:45 AM
From: Crimson Ghost  Respond to of 99280
 
The thing is the markets HAVE ALREADY DISCOUNTED A DECENT RECOVERY NEXT YEAR. Dow is back near 10000. Interest rates are surging again. P/E ratios are very high even assuming decent growth in 2002. Stocks are no longer undervalued using the widely followed Fed model.

Near-term downside far greater than than any remaining upside IMHO.



To: t2 who wrote (5817)11/15/2001 7:52:58 AM
From: LTK007  Respond to of 99280
 
the KLIC item,just to show i follow up:) but i get no magical sensations, hell the stock has ALREADY leapt to the target price--http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7BA2B9F6BC%2DCB3E%2D435C%2DB629%2DE0AF4B15BFA3%7D



To: t2 who wrote (5817)11/15/2001 8:12:01 AM
From: DlphcOracl  Respond to of 99280
 
NewVision: I tend to agree.

I think we are in a baby bull market which is just about to take off, similar to what happened from august 1982 to May 1983. The market just took off and never looked back. Those investors waiting for "the retest of the lows" were left holding the bag.

Having said that, I think there will be some correction in the very immediate or short-term. I do not know whether this will last one week or one month going into December's earnings warning season. However, I think the correction will retrace somewhere between 1/4 to 1/2 (no more) of the gains since lows of 9/21.

My point: this is going to be a great time to be an investor. While there will be some hiccups along the way, leaning toward the bullish or long side will be profitable over the next six months. Only wild card to look for is evidence of deflation.