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

To: orkrious who wrote (32685)	2/23/2002 7:03:24 PM
From: t2	Read Replies (1) \| Respond to of 99280

Ork, That is an excellent post. Thanks for sharing it on this thread. One does not have to agree with it but hiding in the DOW is something that seems to have been happening. I guess the debate is whether it is hiding or just value investing. What I keep wondering about is how long can there be divergence? The PEs are lower and the short term rates are low, so one can argue there is good value in most of these names. This is the biggest issue that I try to wrestle with these days; can the Nasdaq keep going lower and the DOW holds its ground or even moves higher. DOW over 10000 sure does give people more confidence and there are only 30 stocks to pump! OK..maybe ignore the techs like hwp, msft, intc, ibm but the rest of them still seem to be on roll. 10k sure can make some people re-think plans to get out of the market altogether. For the market, rotation is much better than a complete exit...until the Dow cracks and there is nowhere to hide. The more one thinks about it, the more reasonable a target of Nasdaq 1100 to 1200 seems to be (that is my target). I just think it can get there much sooner than people would be willing to believe. jmho