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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (39861)	5/8/1999 7:08:00 AM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bill, >>>>> What I don't understand is how the people with the common sense to know this market is total out of whack cannot understand how we can have an over-correction the other way??? Stands to reason. <<<<<< I am in total agreement, but the big question is when. Who knows, the DOW could go alot higher before the bear market or could start this year. Im sticking to my position that he P/E ratio of the S&P 500 will return to the 15-20 range within 5 years. I believe it is currently trading in the 30-35 range, so lets say its about a 40-50% reduction. Its such a simple reason - CYCLES. Since the beginning of civilization we have had cycles, so why do so many think that it cant happen now. And since the beginning of time, there have been cycles in nature. It will happen, we just dont know when for sure. However, if the weakness in the INTERNETS continue, thats an ominious sign. seeya