Seems Like Stockmarket Points North

Winetalk.com · 11-01-2002

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

Timon · 11-01-2002

I sure hope so :-(((

wig · 11-01-2002

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.

Winetalk.com · 11-01-2002

Quote:

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.

good!
I still buy downs and sell rallies
;-))

Almighty Colin · 11-01-2002

My boy scouts compass is broke.

Nickatilynx · 11-01-2002

Try using a magic 8ball.

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

wig · 11-01-2002

Quote:

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

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

wig · 11-01-2002

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

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

Here is Standard & Poor's Earnings Page

Mutt · 11-02-2002

Hi Camerman,

Welcome to the new board

11-01-2002	#1
Winetalk.com Prostate Examiner I quoff fine wine at corkd.com Join Date: Oct 2002 Location: good 'ole USA Posts: 21,018	I guess the worst is over.................. __________________ why dogs sniff each other butts?

11-01-2002	#5
Almighty Colin Members Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 8,059	My boy scouts compass is broke. __________________ Almighty Content. Your one stop for live content. Secret Friends, LATINA Secret Friends , My Cam Friends

11-01-2002	#8
ulfie Members Join Date: Oct 2002 Posts: 1,143	wig, why don't you have an investment newsletter/website? You've been pretty damn accurate on your calls. __________________

11-01-2002	#2
Timon Hospitality Supervisor Join Date: Oct 2002 Posts: 2,338	I sure hope so :-(((

11-01-2002	#3
wig Members Join Date: Oct 2002 Posts: 1,248	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	#6
Nickatilynx Banned Want to see your own Advertising Here! Join Date: Oct 2002 Location: Vancouver Canada Posts: 15,115	Try using a magic 8ball. Will this rally contunue? "It appears to be so"

11-02-2002	#10
cameraman Guest Posts: n/a	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	#12
Mutt Members Join Date: Oct 2002 Posts: 1,087	Hi Camerman, Welcome to the new board