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To: RetiredNow who wrote (60732)	8/6/2002 9:14:05 PM
From: Tom D	Read Replies (3) \| Respond to of 77397

I read it. MM, by historical measures, the market is still overvalued by about 100%. What do you think? You may find solace in viewing this market in a historical context. But from a historical context, the trailing P/E ratio on the S&P 500 is about twice what it should be at this point in recovery from a recession (should be about 12 or 13). Besides being overvalued by historical measures, the current market valuations do not factor in a double dip (if we're going to get one). Nor do they factor in future terrorist attacks. Nor do they factor in a Cheney resignation from office for his role in overseeing the accounting fraud at Haliburton. slate.msn.com What is your investment position? I am 10% stocks, 25% bonds, and 65% cash. Am too risk-intolerant to reenter the markets. I am planning to sit on the sidelines like this for at least three more months and maybe more than six months. Tom

To: RetiredNow who wrote (60732)	8/6/2002 11:40:55 PM
From: Ed Forrest	Respond to of 77397

The good news is that we all shouldn't believe the pundits who say this time is different. It's not at all. It's just more of the same. So the steep plunges we've seen will be followed by a return to normality, which means a lower growth level. That means what we won't see is a complete collapse of our economy. Those who keep disciplined and continue to invest in a diversified portfolio will do well over the long term. I hope you're right. Of course your thoughts cannot be taken as facts as they are only your opinion of what the future holds.