[rohry]

Good luck to all of the people in the market. I'm glad that I'm sitting on the sidelines...

[rohry]

Market WrapUp is delivered...

[ex-snook]

Let's call this a peace dividend. If the bombs drop, so will the market.

[imawit]

This is me.

this has been a market that has gapped up, gone sideways and swooned both up and down, leaving most investors without a clue.

There is also no cue given to jump in.

[STONEWALLS]

Stocks such as Amazon.com have doubled. Shares of Oracle, Cisco, JDS Uniphase have all come close to doubling. Amazon.com is selling at 192 times earnings. Cisco is trading at 28 times earnings with less than half the growth rates it had in the 90’s. Cisco even acknowledges that the company’s stock option plan would have reduced first-quarter profits by 60 percent. Stocks like JDS Uniphase have no earnings, but shares are up 125 percent in this rally.

reminds me of the old story about a traveling salesman who gets skinned in a poker game....the next day his friend asks.."didn't you know that game was crooked?"...the guy says..."yeah, I knew...but what the hell, it was the only game in town!"....maybe that's what's going on with folks buying into companies like JDSU....they figure they better get a seat at the game while it's cheap; only this time they they think they won't get skinned.....

As always, thanks Rohry....and good luck to all.

Stonewalls

[glorgau]

All this Fibonacci number stuff sounds like numerolgy. ;-)

[Tauzero]

bump

[arete]

Good luck to all of the people in the market. I'm glad that I'm sitting on the sidelines...

I gave this bear market rally a top of 932 on the S&P 500. We closed today at 933.76. Now things are really going to get interesting. Short and getting shorter.

Richard W.