Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (5360)	8/18/2002 11:57:05 PM
From: ajtj99	Read Replies (3) \| Respond to of 30712

Eugene, it would seem that it makes most sense to bottom in the fall, but the problem with that is there is so much unfinished business we need to attend to in valuations. Lots of stuff has been partially discounted by stocks, but not enough to make them "cheap", which is what we see at bottoms. Look at the SOXX and you can see what I'm pointing to. There are way too many stocks still selling at a huge premium to sales, which is not what we see at bottoms. A bottom at 1000 COMP will not address that sufficiently. There is also way too much optimism in the market. Until 401K's are sold out of stocks by those under 50, we won't have a good bottom, IMO.