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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (9371)	11/20/2008 11:41:27 AM
From: Perspective	Read Replies (1) \| Respond to of 41419

I think you may be right on that. SPX looks close enough to a retest to call it good now. I'd still prefer a scary plunge underneath it as a real test of the level, but it could be that we've come so far so fast that we're out of momentum to make such a thing happen. Need to clear out some profits first, set up a new group of sellers. `BC

To: skinowski who wrote (9371)	11/20/2008 11:42:54 AM
From: Perspective	Read Replies (1) \| Respond to of 41419

Is Briefing.com from this planet? Surely this is a typo, but the fact that one wouldn't CATCH it is amazing: 11:00 am : The Nasdaq is outperforming its counterparts. Leadership in the index is owed to large-cap names like Cisco (CSCO 15.36, +0.28) and Amazon.com (AMZN 38.97, +3.13). The Nasdaq fell to a five-year low in the prior session. The drop pushed the Nasdaq's price-to-earnings ratio below 27, which is nearly half the average ratio it carried during the last five years. Some contend that the low multiple accounts for dampened earnings expectations related to a weak economic and business environement. However, basing earnings expectations only on the near term would be a mistake, since it would fail to account for future earnings under more typical conditions. `BC