Dave and I are in agreement. If my stocket market-related posts are gloomy, its because I am waiting to start buying again. But, if you look at the P/E across the board, valuations ain't too attract at this time. Yes, I am looking for a move below 7000.
Don Park says the Dow will soon test 7500. Maybe so. But the day the war with Iraq is behind us the market will go up 2500 points. The market bearing a heavy weight of uncertainty due to the looming war. Alternate theory. The market, anticipating a resolution, will creep up, and go down by 1000 points when peace is achieved. Yeah that's probably what'll happen. Either way, I'm getting a feeling it's time to start buying again, soon. [Scripting News]