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


To: Jorj X Mckie who wrote (15214)12/3/2002 11:08:39 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 57110
 
Well if you are in the new lows camp... are you also expecting a 15-year secular bear then? Or are those 2 distinct prognostications.

I'm waffling on the new lows - certainly think its possible - but the secular bear is another matter, I'm pretty opposed to that I think... only because there are only 2 periods used to validate the "trend" after a mkt peak - 29 and 66... also multiples need to contract throughout the secular bear which would work for me if the naz had a slow decline but since we are down 80% I don't know where the 15 years of multiple shrinkage will come from. Maybe the dow? The # of naz listed stocks is at a 20year low right now.
L