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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (19566)	10/14/2003 7:24:49 PM
From: geode00	Respond to of 42834

I agree, the fundmantals suck but the mo-mo keeps going with institutional buyers buying. Uh oh we know how wrong THOSE guys are. If this is a sucker's bubble rally, then historically it should be smaller than the previous one and burst faster. If it does, there could be a sizeable leg downward as those Elliott wavers keep saying. As those historians keeps saying, we don't get a new bull until the p/e goes down to those 10 or so levels and we've never been there. Lots of people are saying this is a secular bear so it would be just like the market to prove all of them wrong.