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To: TWICK who wrote (66492)10/7/2008 8:12:46 PM
From: Jurgis BekepurisRead Replies (1) | Respond to of 118717
 
look at charts for most stocks after the 2000 crash

Nonsense. Nothing in 2000 applies to today's situation. Most stocks in 2000 crash had no sales or no earnings or were trading at astronomical multiples. While stocks in current crash have sales, have earnings, are trading at PEs in single digits and sometimes even have net cash that is larger than current market cap. You could argue that companies will start losing money soon, but it's not given.



To: TWICK who wrote (66492)10/7/2008 8:22:14 PM
From: Man on the moonRespond to of 118717
 
go twick and yeah thats really more like "after the bottom" since so often most of us aren't given the privilege of knowing until somewhat later:)



To: TWICK who wrote (66492)10/7/2008 8:26:48 PM
From: xstuckeyRespond to of 118717
 
>>>My daddy always said: "Don't catch a falling knife."<<<

Interesting how fathers of different generations think. My daddy wouldn't have known what a falling knife was.

When he put me on a train to go to Atlanta in 1952, to go to Georgia Tech and become the first in our family to get a college education, he said to remember that knowing more improved your chances for getting a job in the shade.



To: TWICK who wrote (66492)10/7/2008 11:08:13 PM
From: Paul SeniorRespond to of 118717
 
"I have a very simple approach to finding the bottom in this market..."

For every complex issue there's always a simple approach that doesn't work.

Although, why do you cringe about Cramer? He's got good ideas.