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


To: 4rthofjuly007 who wrote (30098)2/14/2002 1:31:54 AM
From: Israel  Respond to of 99280
 
yeap.. Right now, stocks are still trading at high multiples in anticipation of earnings. In other words, investors are taking the promise of future profits to justify nose bleed levels. Once we see the reverse, ie stocks trading at historical multiples of current earnings, then we'll know investors are not buying it anymore and are waiting for companies to 'show then the money' before they assign higher multiples. I think then, the bottom will truly be in. As always, IMHO.

Israel