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

To: tyc:> who wrote (17041)	8/18/2003 12:23:06 PM
From: Andrew	Read Replies (2) \| Respond to of 39344

There were extended periods where PE's were in the 8-10 range, decades. Everything usually gets overdone to one side or the other. The public hasn't been fleeced enough just yet, the average guy has to be held upside down and shaken till the last bit of change falls from his pockets. No bear market has ever ended with PE's this high and dividend yields this low. The bear market will be over when they have to pull CNBC off the air because the can't get advertising dollars because the average person pukes when they hear about stocks : ) Gold stocks are faring well with gold off over $4. I'm thinking low 350's should give support, that triangle is narrowing. PM Stocks are off only a bit on light volume. S&P high 999.58 and its looking like its rolling over now. Volume is very light, since 10 AM it looks like several buy programs have pushed the markets up this can turn on a dime.