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Strategies & Market Trends : Waiting for the big Kahuna

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To: Elllk who wrote (9077)11/3/1997 10:30:00 PM
From: Berney  Read Replies (2) of 94695
 
Larry,

Don't get me wrong, IMO the bears will have their day! Few pretend
that the market is not over valued. I use as my barometer GE - now
at 33% higher than the previous five year high PE. I have no illusion
that it can stay here forever.

I just believe that it'll be disappointing earnings that kills the
bull. As long as the big boys have a return on equity at historic
highs the PE's can be justified. But I don't believe it can go on
forever. I simply say not yet.

Berney
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