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 (8889)	11/1/1997 7:00:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 94695

Bill thanks for the explanation, I am failing to be so smart as to understand the day to day movements of stock markets and during may investment history I also failed many times to understand why one should pay a higher multiple for a stock which is inherently riskier than a treasury note, which is safe to maturity. The whole "mumble bumble" of earnings growth is nothing more than a WS PR campaign to sell you stocks at ever higher prices. Wonder what happens if earning growth is negative?? are you getting paid by the brokerage house to buy the stock?? ;-). How you value a stock with negative earnings growth?? In any case I am curious to see if we get a sucker rally right away or it will be later and then we may evidence the real BIG K. In any case I hope it will not happen and we will have an relative orderly bear market and a prolonged softness in the US economy and around the world with an average stock price decline of 25% to 35%. Happy Trading Haim

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