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Strategies & Market Trends : Super Stocks

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To: Paul Senior who wrote (65)	9/28/1997 8:30:00 PM
From: sea_biscuit	of 269

RE: What I NEVER (well, almost never) use are PEG figures (the Fools can have it IMO) or ANY estimates of future earnings, or ANY stock analyst recommendations (eg. Zacks consensus) [...] You probably already know analysts are wrong a lot - I figure 40%. The following information is from "Personal Finance for Dummies" (bought it in 1995 when I was thinking of dipping my feet into the turbulent waters of the stock-market :-) ) : Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 Predicted Earnings Increase/ Decrease (%) +20 +31 +52 +33 +30 +35 +31 +32 +8 +25 Actual Earnings Increase Decrease (%) +4 -16 +16 +16 -6 +3 +12 +40 -3 -2 Looking at the above, it is clear that making investment decisions based on PEG is obviously foolish (with a lower-case "f", that is!) Dipy.

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