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otraque

05/07/03 2:17 AM

#105200 RE: limtex #105193

Limtex i think the best way to look at this is SWING TRADE the present phase trends because the evidence is overwhelming we are in a bouncy bouncy looong bear market--remember we went 18years in a bull market, before that we were 17/18years in a bear market. .look at my NIKKI chart.
All i am saying is those Buy and HOLD and then Buy and Hold some more and then Buy and Hold some more investors are getting clobbered.
The worst part of this whole mess is while the S&Pindex is giving P/Es based on GAAP, the media and WallSteet , ONLY give the S&Pindex pro-forma P/E.
So the scam continues.
The SPX index P/E being quoted by all the hucksters of 17-1 is a total joke, but smart money knows the joke, and so just play the swing. gd