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Old 23rd May 2010, 17:07
  #11 (permalink)  
boxjockey
 
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All kidding aside, I also believe we are in for a big correction. DOW in the triple digits? Keep dreaming. But, if you look at the P/E ratios of the Dow, they are quite overvalued. Most people suggest that they should be around 14/1, and are currently around 22/1. If you follow this logic, then the DOW should be closer to 6000. I believe that this may happen, mostly depending on if the Euro zone can stabilize itself. I am selling out of my equities, but I am not a gold bug like some others. Good luck to all, I'm sure our results will vary!

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