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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mark Adams who wrote (231420)3/28/2003 8:40:01 AM
From: Mike M2  Read Replies (1) of 436258
 
Mark, I forgot to add that Wall St's forward looking numbers are promotional hype in an attempt to justify high valuations. If you look at the earnings projections 6-12 months out going back to 2000 - you can see that these projections were consistently optimistic to the point of absurdity. With Wall St earnings projections the next quarter or two show some growth then looking out 3-4 quarters the estimates are turbo charged. When the future projections prove to be wrong they simply repeat the game of prosperity around the corner and the whores in the financial press rarely take them to task on this obvious game. Mike
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