Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: studdog who wrote (9760)	11/15/1997 12:55:00 PM
From: Haim R. Branisteanu	of 94695

Karl, I responded in the other tread so this is a repeat: Karl, all is fine with your model, but my expectations are 15% to 30% lower profits for next year!! Therefore at present time the market will find balance around SPY 750 if not lower as pessimism will grow. US market valuation is above the US GDP. Think about how a prolonged/substantial market erosion will influence the GDP. Retail sales are already slowing, - resulting in lower profit for the retail sector! Car sales are down - lower profit for GM, F, C and their host of suppliers. Happy trading Haim

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