NASDAQ_400
04-04-2003, 03:19 AM
Snipet from Today's WrapUp by Jim Puplava 04.03.2003
"We hate to keep repeating this table, but find it necessary to counter the cacophony of voices that keep telling investors stocks are a buy. It may
be true that certain issues are a buy, but certainly isn't true when applied to the market as a whole. Once again, valuations are at levels that most
bear markets begin, certainly not where bear markets bottom. It would take, assuming present profit levels and dividends hold up, a drop in the
Dow to around 3,000, 300 for the S&P 500, and around 300 for the NASDAQ."
Hmmmm, should I change my "handle"???
"We hate to keep repeating this table, but find it necessary to counter the cacophony of voices that keep telling investors stocks are a buy. It may
be true that certain issues are a buy, but certainly isn't true when applied to the market as a whole. Once again, valuations are at levels that most
bear markets begin, certainly not where bear markets bottom. It would take, assuming present profit levels and dividends hold up, a drop in the
Dow to around 3,000, 300 for the S&P 500, and around 300 for the NASDAQ."
Hmmmm, should I change my "handle"???