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

To: Casaubon who wrote (60551)	5/2/2002 3:21:43 PM
From: augieboo	Respond to of 99280

1. Nope, didn't migrate here from Yahoo. Looked at it once, puked, never went near it again. 2. I'm sorry you find no content in my posts. There really hasn't been much content-worthy stuff going on today, IMHO. On the other hand, quite a few people on this thread seem tense enough to strangle one another, were we all actually in the same location, so I have attempted to interject a tiny bit of humor today in the obviously vain hope of lightening the mood a tiny bit. Content-wise, let's see... Well, I made a whopping $20 on my one trade today. Shall I post all the gory details? 3. Who says I necessarily disagree with Westie? In actuality, I agree with him as far as where this market is headed, i.e., down, although I really can't say whether I agree with all of his reasoning -- I don't give the macro-economics of the situation all that much thought, to tell the truth. As to my own views of the market, I agree 100% with Max, (Itsallover). The markets are simply extremely overvalued -- the S&P 500 is at about 45-60 times forward earnings, (depending on who one listens to), which is, to the best of my knowledge, roughly three to four times its historical average. There are apparently two ways to relieve this situation. Companies can grow their earnings, and/or stock prices can go down. My personal view is that it will take a bit of both, plus, oh ... about 3 to 7 years to unwind this bubble and start a new true, long-term, bull market. During that time, I would imagine, there will be several bear rallies of varying duration. I hope to take maximum advantage of them whenever they pop up. 4. I spend a great deal of time sitting back and learning from the talented people on this thread -- along with several others. I also spend a bit of time reading in front of the computer; currently I'm working on Murphy's Technical Analysis of the Financial Markets, Farley's The Master Swing Trader, Bulkowski's Encyclopedia of Chart Patterns, and Nison's Japanese Candlestick Charting Techniques. I hope to have some truly valuable content to contribute soon, but there is that whole learning curve thing to deal with. In the mean time, I shall endeavor to be less annoying. Regards, augie