I guess the worst is over..................

I sure hope so :-(((

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
;-))

My boy scouts compass is broke.

Try using a magic 8ball.


Will this rally contunue? "It appears to be so"

Have no fear... I have mine! :P

wig, why don't you have an investment newsletter/website? You've been pretty damn accurate on your calls.

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.

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/...21024_6328.htm

It seems that most American companies are STILL trying to fool the investing public by overstating their earnings.

Here is Standard & Poor's Earnings Page

Hi Camerman,

Welcome to the new board :agrin: