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"Actually KJI am not exaggerating. Do yourself a favor and pull up the valuations of the most poplar stocks. How can I be exagerating when the average p/e is no well over 30?"

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As I mentioned in my last post, I don't value stocks strictly on their P/E ratios. That is why I don't get too jazzed up about current P/E values. I look at them, but they have different significance at different points in a cycle. Since the cycle is near impossible to predict, it is really hard for me to believe that just because P/E's are relatively high that market is going to correct right now. I tend to use technical and fundamental analysis in the market. It has served me well in the past.

Couldn't help it. You posted your response before I could reply with the last. See you tomorrow.
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