Altaba Inc. (formerly Yahoo) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Oeconomicus who wrote (4696)	12/18/1997 3:16:00 PM
From: Eric Klein	Read Replies (1) of 27307

The only reason, IMO, that the market hasn't sold off more is the overwhelming desire among many investors this time of year to defer gains to the next year. What will hold the market up come Jan 2? I agree with that. Just as the '97 losers took more hits to lock in losses, the big winners will be hit at the start of the new year. IMO a number of factors are coming together at the same time: 1. Declining Earnings Growth - Earnings growth for US companies is showing weakness. Many now projecting 9% versus earlier 14% earnings growth projection. See today's WSJ. 2. Falling Stock Market Liquidity - There's a good article in this week's Barrons. Anybody who doesn't agree with this statement should read the Barron's article before biting my head off. 3. Asia Problems 4. Capital Gains Tax Changes - Investors have been holding off taking profits until 1998. The last time Cap Gains Tax was cut, it caused a decline in stock prices. Could happen again.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next