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

To: gold$10k who wrote (17746)	8/24/2003 12:18:52 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 39344

I was just reading this: John Mauldin Stock Market Warning: Sharp Curves in August I notice that stock market valuations are getting into nosebleed, bubble-like, territory again. The P/E on the S&P is 32.68. Various NASDAQ indexes are over 78, and many stocks are once again in triple digits. I once again remind readers that we are in a secular bear market. Bull markets never start from such valuations, not do they last. This market is for traders, not for long term buy and hold. This courtesy of Dennis Gartman: August Market Turns While most people view the last 2 weeks of August as vacation weeks, over the last 16 yrs important turns have taken place then: August 25,1987 - the exact top prior to the crash.. August 23,1988 - low has never been returned to.. August 24,1995 - low has never been returned to.. August 19,1998 - top preceding 18% plunge in 2 weeks.. August 31,1998 - important market bottom.. August 31,2000 - 2 days before all time high.. August 24,2001 - end of rally ,market drops 22% in under a month.. August 22,2002 - exact rally top, market drops 21% in under a month. (Courtesy of Peter Eliades of Stock Market Cycles.) Four out of the last five years have seen a major turn in August. As I glance over my shoulder at the screen, I notice that we are near the highs for this run. Just food for thought. safehaven.com All I need is a good through in the broader markets before my Sep poots turn to dust. <g>