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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (83933)	9/3/2003 3:02:56 PM
From: Rock_nj	Read Replies (1) \| Respond to of 99985

LOL! No doom and gloom. :-) I wish someone would have given me a dose of doom and gloom back in 2000 when I was riding high off the market that never seemed to stop going up. I would be in a lot better financial shape if they did. Historical trends put NAZ closer to 1,500 and P/Es are up around 35 now on average, way above the 17 historical P/E average. But, don't get in the way of the momo train. The market is starting to look tired today. Perhaps it will selloff soon, but the economic news is pretty good these days...