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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: bill meehan who wrote (63173)9/21/1999 12:53:00 PM
From: Haim R. Branisteanu  Read Replies (1) of 86076
 
Bill the interesting point is that if the market only goes flat earning will drop by more than the 3%, as teh market had a 30% gain in 1998.

Depending of the yearly pension funding commitment it can be a serious downdraft on earnings.

Now just imagine if the market tanks OUCH <G>

BWDIK
Haim
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