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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Tomato who wrote (5717)1/12/1999 10:19:00 AM
From: Freedom Fighter  Respond to of 78748
 
Tomato,

>>It's interesting also that the Russell 2000 was down about 7% (??) last
year. Maybe there's a two tier market- value and no value? WEB did buy a
lot of AXP in October after the 19% "correction", so he saw value there.
Beats me.<<

I thought there was some value to be found at the height of the correction too. I did a little buying. I missed AXP though. Do you know how much he actually bought?

I think it may be tough to say that the market is "overvalued" because none of us can follow all the thousands of stocks out there.

For me, I do stock screens looking for new companies and I look through the value line. Almost nothing comes up in my stock screens that meets my criteria and all the top shelf companies that I am interested in are way too pricey for me. That's why I have this "very overvalued view" even though there could be some bargains.