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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (15286)	12/3/2002 8:23:48 PM
From: dvdw©	Read Replies (1) \| Respond to of 19219

Lurq You said; . My current “round number” guess is somewhere in the ~9000 range. I dont want to assume so I'll ask; You do mean the Nazdaq, dont you? TIA.

To: lurqer who wrote (15286)	12/4/2002 1:08:31 PM
From: David Howe	Read Replies (3) \| Respond to of 19219

<< Until we make a valuation low in the P/E 7 to 10 range >> Completely off base. Interest rates are so low that PE ratios (on average) will not go to this level. No chance of it. Interest rates in the 70s were through the roof, that's why money stayed away from stocks. There was no reason to buy stocks when you could buy a 15% CD. That's why PE's went to that level back then. Today IS very different. PE's should be at historically high levels and rightfully so. IMO, Dave