Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Trebor who wrote (3896)	3/8/1998 1:16:00 AM
From: wooden ships	Read Replies (1) of 42834

Bob: Interestingly, Brinker today made mention of the current historically high S&P price/earnings ratios in the context of a prior deep retrenchment which followed in at least one previ- ous time period when the market's valuations approached these lofty levels. In this vein, weekend's "Barron's" noted an astonishing fact. To wit, One nifty measure of how spirited a rise tech stocks enjoyed P.I. (pre-Intel) is that the market value of Microsoft has swelled by $40 billion since the beginning of 1998 --which is more than GDP will likely increase in the first quarter, assuming 3% growth. Put another way, Microsoft has added more in market cap in a bit over two months than the $7 trillion economy of the U.S. will add in the opening three months of the year. ---Barron's Magazine 9 March 1998 Hall of Fame quote of the week: He's weakened. He's powerless. He's a lame duck. He will accomplish nothing except making a fool of himself for the next three years....He has no credibility. ---Commander Bob Brinker, commenting on Bill Clinton, from the helm of the Starship MoneyTalk on 7 March 1998.

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