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11-01-2002 | #1 |
Prostate Examiner
I quoff fine wine at corkd.com
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I guess the worst is over..................
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why dogs sniff each other butts? |
11-01-2002 | #2 |
Hospitality Supervisor
Join Date: Oct 2002
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I sure hope so :-(((
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11-01-2002 | #3 |
Members
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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. |
11-01-2002 | #4 | |
Prostate Examiner
I quoff fine wine at corkd.com
Join Date: Oct 2002
Location: good 'ole USA
Posts: 21,018
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Quote:
I still buy downs and sell rallies ;-))
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why dogs sniff each other butts? |
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11-01-2002 | #5 |
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Want to see your own Advertising Here!
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My boy scouts compass is broke.
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Almighty Content. Your one stop for live content. Secret Friends, LATINA Secret Friends , My Cam Friends |
11-01-2002 | #6 |
Banned
Want to see your own Advertising Here!
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Try using a magic 8ball.
Will this rally contunue? "It appears to be so" |
11-01-2002 | #7 | |
Members
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Quote:
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11-01-2002 | #8 |
Members
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wig, why don't you have an investment newsletter/website? You've been pretty damn accurate on your calls.
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11-01-2002 | #9 |
Members
Join Date: Oct 2002
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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. |
11-02-2002 | #10 |
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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. 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. |
11-02-2002 | #11 |
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Here is Standard & Poor's Earnings Page
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11-02-2002 | #12 |
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Hi Camerman,
Welcome to the new board |
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