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To: Sober who wrote (54914)	8/15/2007 4:02:21 PM
From: JSB	Read Replies (1) \| Respond to of 118717

I told DB the same thing this morning before the market opened. Maybe it's a sign of a bottom? This sucks.

To: Sober who wrote (54914)	8/15/2007 4:21:37 PM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

I'm watching those forward PE's sink down to 12, 11, single digits and so on. Valuation doesn't matter when the lemmings are in full cry. Extremely frustrating, you certainly aren't alone in wanting to chew on some (steel) nails today. I still can't sell great stocks at prices where they should be bought. But I am not buying yet either.

To: Sober who wrote (54914)	8/15/2007 6:33:58 PM
From: Suma	Respond to of 118717

I hate to lose sixteen thousand dollars so I cannot sell. Wish I could however. Who needs this. Nothing but aggravation.

To: Sober who wrote (54914)	8/16/2007 7:56:30 AM
From: Tommaso	Respond to of 118717

>>>This market insanity has to end at some point. <<< It began to end recently--by which I mean a few weeks ago. Just the beginning of a major bear market. The insanity was in overvaluation. A typical major bear market drop is more than 40%. We are down --what?-- about 12% or so? Maybe a quarter of the way towards the bottom. There will be bounces and seeming recoveries--good times to get out, if you have not already. But not many people do get out during those temporary recoveries. They think the bull market has resumed.

To: Sober who wrote (54914)	8/16/2007 12:23:16 PM
From: Rainy_Day_Woman	Respond to of 118717

Sober it's easy to be shook up in a correction, it's hard to watch on a daily basis for me, I like to pull back and look at the bigger picture - helps me keep everything in perspective I still feel and will always feel, earnings, in the end, drives the market the dotcom run-up was on vapor promises of future spec of earnings - the correction was on the realization the earnings weren't coming the market, based on Russell 3k, has moved up over 16% in the last 4 years - international has to be higher I thought we were due for a correction since the first of the year - had cash stashed to play it - I positively won't sell now - I am buying has the mortgage debacle fueled it? absolutely - hedge funds [which I NEVER liked]? again with out a doubt - but with the percentage of loans in the foreclosure @ 1.19% of all outstanding loans, I doubt it will bring the market into bear mode have we found the bottom? I don't know, nor can I ever time the market - but at these valuations, I'm finding buys - might not have bought them at the very bottom, but good enough for to satisfy me hang in there