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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Rick C. who wrote (2390)12/12/1997 9:58:00 AM
From: mattie   of 37387
 
Rick,

I would guess either Michael Metz from Op Co or Barton Biggs from Morgan Stanley.

I would not be surprised. The S&P should have earnings growth of 4-9% (are roughly the estimates) and you only have to pay 19 times earnings to get that growth - way too expensive. I don't think invstors have thought about the reality yet - but are starting too. Some companies should do OK, the defensives and some special situations, but the index is ovrpriced.
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