LONGING THE DOW + FTSE = MASSIVE RALLY AHEAD-prt 10 into 2003

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Ian56 - Thu, 02 Jan 03 :

Wait a while Taxi.
It usually goes up for a while after Mike first posts and then tanks like crazy.
Earliest shorting date is around 14/1 but this rally may have a bit more legs.
Then its down to sub 600 on S&P.

This bear market is going to be around for years yet. (2017 at least.)
When the S&P p/e gets to be 5 to 16 (currently 34 before adjustments for things like pensions shortfalls) it's time to become a bull.

(A minor down day in the US is likely tomorrow after today's diagonal up move.)

Regards,
Ian


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