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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (1351)	10/10/2002 7:19:05 AM
From: tyc:>	Respond to of 1590

That's why it's so difficult to "buy low, sell high" ! Stocks never get cheap for no reason ! Sure there's safety in cash.... but perhaps that safety will prove to be expensive.... There's an irrational "bubble" in the value of cash (caused by fear!) i.e. It used to require 30 greenbacks to buy a share of business ownership, now greenbacks are so over-valued that the same share of business ownership can be bought for 6 or 7 greenbacks! With idle cash paying virtually no interest, its PE ratio is sky high ! Should we not beware of this bubble too ?