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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (17895)5/20/2002 8:04:08 PM
From: janski  Read Replies (2) | Respond to of 26752
 
Well, every once in a while there is a gem to be had even on CNBC. Maria interviewed John Templeton who had some great words of wisdom about investing and life.
He said that US market is about 50% overvalued and so are the rest of world markets. He doesn't predict it but would not rule out DOW 4000 before it's over. When asked about technology he said last he checked NDX traded at 37 times earnings and that he would see value there at 6. His advice is to invest in government bonds, preferably bonds of countries like Australia or Canada whose currencies should remain strong.
That should push the futures lock limit up tomorrow -g-