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

To: ChrisJP who wrote (62697)	5/7/2002 8:57:28 AM
From: augieboo	Respond to of 99280

I'm looking for an S&P with a PE within the normal, historical range, which is something like 12-15 times forward earnings. At the moment, it stands at something like 40-45. Ergo, anyone who starts buying now just because we have come down X percent from the most ridiculous bubble valuations in history, risks losing at least half of his capital. None of this means we will see NAS 800 and/or S&P 600, necessarily. But any LTBH type investment made now is likely to be underwater for five to ten years before it returns to today's value, IMHO. JMHO, augie