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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: David Howe who wrote (11345)	3/25/2002 8:26:16 PM
From: High-Tech East	Respond to of 19219

Dave ... do you think that <<today's situation looks remarkably similar to the early 90s as we started recovering from a deep technology led recession>> and that a solid long term bull market lies almost directly ahead ... possibly having started as early as September 21, 2001 or possibly as late as say, January 1, 2003 (to add a defined time period)? ... if your answer is yes, please state your case ... I can not fathom the probability of such an occurrence ... Ken Wilson

To: David Howe who wrote (11345)	3/26/2002 12:46:23 AM
From: lifeisgood	Read Replies (1) \| Respond to of 19219

Actually today's situation looks remarkably similar to the early 90s Not quite. The S & P was not trading at a 49 PE in the early 90's. Probably about 1/4 of that at the low. That's one of the major holes in the bull thesis that "we're going to the moon." We never go to the moon when we're at record high PE's. It's never happened in the history of the stock market. Of course, you may be right if "it's different this time." I wouldn't bet on it. best... LIG