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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (28910)2/19/2003 2:35:50 AM
From: EL KABONG!!!  Read Replies (1) | Respond to of 74559
 
Hi energyplay,

Re: UK stocks...

It is true that UK stocks, in general, are more fairly valued than US stocks, but there are exceptions. In playing the British markets, an investor much choose carefully.

The real problem with the UK markets is not where they are now, or how high the P/E ratio climbs. Nor is it the price-to-book ratio.

The real problem is that the British stocks aren't likely to be a leading indicator of an end to a global bear market. A more likely scenario is that British stocks won't regain an upward bias until their US counterparts likewise recover.

That said (and strictly only my opinion), the time to jump into the FTSE is shortly after a (technically confirmed) recovery is underway in the USA.

As I said, just my opinion. I think to jump in now is akin to speculating.

KJC