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

To: Crimson Ghost who wrote (94158)	7/13/2002 5:08:28 PM
From: Haim R. Branisteanu	Respond to of 99280

Yes that is true. I think I even posted on this tread that the euphoria and bullishness expressed by this tread for example was misplaced as the cost of doing business increased

To: Crimson Ghost who wrote (94158)	7/13/2002 6:15:07 PM
From: Jack T. Pearson	Read Replies (2) \| Respond to of 99280

Isn't that exactly the kind of thing you see a near an important trough? The contrast with last fall is overwhelming; back then most money mangers were extremely bullish. I hear what the analysts are saying. For every two analysts saying things aren't at a bottom yet, I hear one saying it is time to start moving back into the market if you are a long term (5-10 years) investor. But the P/C ratios and bearish% don't seem high enough for a market near the bottom. My ex-broker has a theory that if you buy "good companies." it doesn't matter in the long term. He bought me TYC at 54 and more at 32, PSFT at 40, AMCC at 36, EMC, etc. Some of these jokers call the bottom every time things get really bad . . . for the last two years!!! If they keep it up, they will eventually be right.