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View Full Version : Seems Like Stockmarket Points North

Winetalk.com
11-01-2002, 10:58 AM
I guess the worst is over..................
Timon
11-01-2002, 10:59 AM
I sure hope so :-(((
wig
11-01-2002, 11:51 AM
I agree that the recent rally has signaled that the market will head higher into January.

HOWEVER, as is usually the case, once this is signaled the market often experiences a sharp counter trend move. I anticipate a high and reversal lower tahat will "test" the new bulls. :D
Winetalk.com
11-01-2002, 11:59 AM
Originally posted by wig@Nov 1 2002, 02:59 PM
I agree that the recent rally has signaled that the market will head higher into January.

HOWEVER, as is usually the case, once this is signaled the market often experiences a sharp counter trend move. I anticipate a high and reversal lower tahat will "test" the new bulls. :D
good!
I still buy downs and sell rallies
;-))
Almighty Colin
11-01-2002, 12:00 PM
My boy scouts compass is broke.
Nickatilynx
11-01-2002, 12:23 PM
Try using a magic 8ball.


Will this rally contunue? "It appears to be so"
wig
11-01-2002, 12:24 PM
Originally posted by Colin@Nov 1 2002, 03:08 PM
My boy scouts compass is broke.
Have no fear... I have mine! :P
ulfie
11-01-2002, 12:36 PM
wig, why don't you have an investment newsletter/website? You've been pretty damn accurate on your calls.
wig
11-01-2002, 02:18 PM
Ulfie,

Thanks. It is more of a pain in the ass than it is worth, though.

I keep my friends who are interested abreast of what I think of the markets and they can do with it what they like. It works better this way.

Also, I do a lot of trading and it would interfere with my execution.
cameraman
11-02-2002, 07:07 PM
Well I don't know if the stock market is going up or down, it is impossible to predict.

But I do not that the stock market is extremely overpriced. As of the close on Friday, The Price/Earnings of the S&P 500 is a gigantic 48.75! That means you pay $48.75 for each dollar of earnings. :zoinks:

This number is from Standard & Poor's. They calculated the S&P 500 earnings for the 12 months ending June 2002 as $18.48 per share. Since the price on Friday was 900.96 the PE=900.96/18.48 = 48.75

Check out this article in businessweek:http://www.businessweek.com/bwdaily/dnflash/oct2002/nf20021024_6328.htm

It seems that most American companies are STILL trying to fool the investing public by overstating their earnings.
cameraman
11-02-2002, 07:12 PM
Here is Standard & Poor's Earnings Page (http://www.spglobal.com/earnings.html)
Mutt
11-02-2002, 09:04 PM
Hi Camerman,

Welcome to the new board :agrin: