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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (3514)	7/19/2002 11:45:01 AM
From: Kirk ©	Read Replies (1) \| Respond to of 207847

the DOW was trading at 6431.37 which is still about 2000 points lower than where it is today..... Yes, but I've been looking into the data for this and posting my tables and charts here suite101.com You need to look at the Fed Model which had the market very over valued in 1996 and currently has it undervalued by a similar amount today. The problem is investors don't have ANY confidence in the earnings numbers and the Dems are trying to make it worse so they can win the next election. Psychology says the market can get just as out of kilter from reality on the negative side as it did on the positive side, but I sure don't have a crystal ball to predict when this trend will turn. IF MSFT were to pay a 1% dividend and Congress would pass a law that made dividends taxed at the LTCG rate rather than as normal income, then I think the market could turn on a dime... as companies could pay a dividend to show they have real earnings... and it would not hurt investors with the lower tax rate. but hell, THAT would be a solution and Congress doesn't like solutions as they are paid to win elections, not help us. Kirk out