Re: [CANSLIM] market direction

From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] market direction
Date: Sun, 13 Jan 2002 09:54:25 -0700

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I'm still concerned about the overall market valuation, which remains high.
Yes, as earnings improve, market P/Es should lower, assuming prices
don't accelerate faster than earnings improve.

Even though WON gives little credence to P/Es, I'm adding a P
(CANSLIMP ?) for the time being.  I think many investors will be spooked
by high P/Es (e.g., KKD) and tend towards solid companies with relatively
low P/Es.  Just one new investor's opinion.

 Rolf

- ----- Original Message -----
From: "Dan Forant" <dforant1@nycap.rr.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, January 13, 2002 9:31 AM
Subject: Re: [CANSLIM] market direction


> I have been saying all along this is going to be a sloooooooowwwww,
> recovery. Well into the year. All we have to do is *read* the news. I
listen
> to a local analyst here named Larry King, he's with Smith Barney. A few
> weeks ago he was calling for a quick market return. Just Friday he changed
> course and now calls for growth but very slow. Analysts jobs from
brokerage
> houses are to soften the tone of bad news. They can even make it sound
good.
> Sure there are stocks out there that the savvy trader may pick, but on
> average not. It takes months to years for rate and tax cuts to filter into
> the economy.
>
> DanF
>
>
> ----- Original Message -----
> From: "Kent Norman" <kent_norman@yahoo.com>
> To: "CANSLIM" <canslim@xmission.com>
> Sent: Sunday, January 13, 2002 10:11 AM
> Subject: [CANSLIM] market direction
>
>
> > Many "experts" are expecting the market to follow
> > tradition and rise in January and go flat to down for
> > a few months. Do you think this weeks 5 down days are
> > meaningful?
> >
> > I know WON says we don't need to be concerned with
> > where the market is heading, just where it is.
> >
> > So where is it? Is the party over? Should we all get
> > out of the pool?
> >
> > Kent Norman
> >
> >
> > =====
> > Opportunities always look bigger going than coming.
> >
> > __________________________________________________
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