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Politics : Idea Of The Day

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To: Al Serrao who wrote (9262)	9/9/1997 5:18:00 PM
From: IQBAL LATIF	of 50167

Al- I am sure once these days of caution and bond uncertainity are over we will play the earning season to our full capacity, I remain a skeptic until this bonds uncerainity is out of way- S&P corrected from 959 only because new uncertainities regarding interest rates rose- right now we are around 112.24 on bonds whereas last time when S&P was at 959 the bonds were at 117,06- and heading for a yield of 6%, I just don't think that my expereince will allow me to suggest that every thing is normal- until we have final confirmation of bond direction any rally will falter and fail- it is now three days that S&P has faltered at 938 and a top heavy market without momentum becomes very ripe to correction.Thanks for your e-mail.I think we should leave this on discretion of individuals if they like to exchange market info privately, as far as I am concerned this is the place I will write and discuss. I would like to see some momentum coming back or bonds to settle around 113,28 to 114,12 level, if these directions reverse I will take part actively in the ensuing rally. I think Russel 2000 at P/e of 14.7 and earnings of 27$ and change have a good upside potential despite of these uncertainities, imagine if we have good earnings for small caps and earnings move up to 31$, improved earnings would translate into better P/e like 16-18 and here I see an opportunity this thread should not overlook- it is full 8-12% move up from here and therefore secondry stocks will and should do well- the cavaet is the interest rates and long bonds have lot to do with the future course of this market. I am thinkung if you can be kind enough to see the following stocks I think will do well- Atls Brkt Dwrx Ethen Allen Ess tech I think first three will do quite well- keep in touch.

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