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

To: Rich1 who wrote (85659)	6/25/2002 9:14:48 PM
From: Jdaasoc	Read Replies (1) \| Respond to of 99280

Who holds his mortgage and equity debts. I want to short the bank tomorrow. He not the only one. I am getting the feeling that S&P low point that one would calculate from "looking backwards" at charts may have to multiple by a "factor" to account for the loss in value of the dollar and percieved strenght which was one of the major reasons that allowed high PE's. For example for a crude approximation of an idea of what I mean, YEN was worth 140 to dollar, it may go to 100 to dollar, that 30-40% devaluation. Euro gained almost 20% againist dollar since market problems Gold rose 20%. Oil almost 100%. There got to be some complex model that fudge factors where fair value in S&P may exist.