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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: ralfph who wrote (17036)	8/18/2003 11:46:40 AM
From: Andrew	Read Replies (1) \| Respond to of 39344

Looks like buy programs. another just hit. move it up on low volume and bleed it out. Distribution

To: ralfph who wrote (17036)	8/18/2003 11:51:59 AM
From: Tommaso	Respond to of 39344

>>>Before every recession ended since 1929 the PE ratios got down to around between 4 and 5 <<< I have not looked up the figures, but I think that may be a little low for some bear market troughs over that period. As bearish as I have been for many years, I find it hard to envision a Dow below 4,000. I will be buying steadily into the Dow stocks if and when the index slips below 5,000, though with what looks more and more like a determination of the Federal reserve to monetize stocks by allowing unlimited extension of credit, I am not sure when that might be. On top of what the Fed is doing, the Bush administration will be doing everything it can to continue an illusion of future prosperity over the next year by borrowing and spending, so the definitive collapse of the markets might be postponed until late in 2004. Just the thoughts of a very bubble-wearied bear.

To: ralfph who wrote (17036)	8/18/2003 12:00:32 PM
From: tyc:>	Read Replies (1) \| Respond to of 39344

>>Before every recession ended since 1929 the PE ratios got down to around between 4 and 5 And didn't subsequent history indicate that prices were too low at the bottom of the recession ? Are you guys saying that the dollar is a better buy today than the Dow ? Isn't the future for the Dow brighter than the future for the dollar ? I look at the charts today and see nothing but green, except for a few gold stocks; that's RED for the uninvested investment dollar.