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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (3115)9/29/1998 9:02:00 AM
From: Alastair McIntosh  Read Replies (1) | Respond to of 4634
 
Craig, here is one measure that indicates that the market is a bit undervalued.

Message 5838625

Low interest rates are pushing up fair value of the S&P while the S&P has fallen.

Al



To: craig crawford who wrote (3115)9/29/1998 11:18:00 AM
From: Bill Wexler  Respond to of 4634
 
<<Whatever gave you a ridiculous notion like that?>>

Long and successful experience as an investor in equities.

<<I thought you were predicting the market was going much higher. How can that be if no one can predict these things?>>

Gee Craig, you are beginning to sound like one of the TAVA zanies. You took my comments out of context. I said that no one can predict a crash. But it is also true that no one can reliably predict the short-term movements of the market. I was simply offering my opinion that the market was generally undervalued and would most likely head significantly higher. So far, the market has been crawling higher...making me 100% correct....as usual!