Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (48922)	10/18/2000 6:13:54 AM
From: Gary105	Read Replies (1) of 94695

Synthesizing technicals and fundamentals, the slide may take us back to the 1000 range in S&P which would be a P/E of 17 -18, within the traditional range but still on the high end of the range. The fundamental flaw with many analysts valuations of the market is that they expect earnings to increase 13%/yr over the next 5 years despite the fact that earnings have increased 9%/yr over the last 5 yrs (using yahoo research as source) and despite the fact that the economy is slowing. Whether the slide comes today, Monday ('87 crash occured after options expiry), or is drawn out over time remains to be seen - sooner or later technicals and fundamentals converge. All imo.

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