Closing Update: Streak Stretches Six [View article]
Ok, so your suggestion is that we keep bidding stocks up and up so as to advance a "bull market"?
On Apr 17 07:47 PM E Nuff Sed wrote:
> Most rational observers are coming around to the idea that the we > have now decisively bounced off the bottom. My observation of previous > market bottoms indicate that an indica is back to back rally lasting > 4 - 7 weeks. > Here are my bear market charts. > docs.google.com/Presen...;hl=en > > > On a fundamental basis the S&P is now trading on a forward PE > of between 12 - 14. This is at the same level it was in 1989-1990 > when the great bull of the 90's started.
Closing Update: Streak Stretches Six [View article]
On Apr 17 07:47 PM E Nuff Sed wrote:
> Most rational observers are coming around to the idea that the we
> have now decisively bounced off the bottom. My observation of previous
> market bottoms indicate that an indica is back to back rally lasting
> 4 - 7 weeks.
> Here are my bear market charts.
> docs.google.com/Presen...;hl=en
>
>
> On a fundamental basis the S&P is now trading on a forward PE
> of between 12 - 14. This is at the same level it was in 1989-1990
> when the great bull of the 90's started.