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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (3531)	9/30/2002 6:01:35 PM
From: AugustWest	Read Replies (1) \| Respond to of 57110

Even Ralf Block(on CNBC right now) Has been calling a market bottom for a couple months now. Sad, it's sad when objective persons are turning subjective with their"Bottom"cal;ing. Most if not all are using the mantra "stocks are cheaper now. Therefore we should bounce." At over P/E of 25. 31 and 35 for the Dow, SnP, and Nasd 100 (nasd as a whole has no earnings) I do not consider that cheap. In fact, on a P/E basis, stocks are more expensive today than they were in early 2000.