1920-2000 WHAT TOPS AND BOTTOMS LOOK LIKE

http://www.elliottwaveapplied.com/html/value.html

2002 BOTTOM? SPX PE OF 30 and SPX DIVIDEND YIELD OF 1.7% !!!!

Man oh man, the market could bottom easily 50% below where it is now IMHO.

I trust history, I study history. I cannot time it exactly, I just know what values are supposed to look like.

Thinking ahead is how you position.(in 2002) LOW LOW rates.....should help housing and lenders. Dollar falls.....should help gold. CHina world power will use more oil buy oils and tankers and commodities.

Now what?

CASH! IMHO GET OUT OF DEBT IMHO

Duratek