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Strategies & Market Trends : Waiting for the big Kahuna

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To: kahunabear who wrote (14902)3/12/1998 2:50:00 AM
From: Bilow  Read Replies (2) of 94695
 
Hi whipsaw. Very well said: First it was book value
that didn't count and now it is earnings. It makes sense
if this really is a mania. Tulips didn't have earnings either.


And already sales growth didn't matter, only the earnings
growth. So management faked the higher earnings and pumped
up their stock options.

I don't know what is going on around there, but up here,
high tech employees pretty much right their own employment
contracts. I like it, but I don't think it can last. I
think the mania ends when unemployment makes a 1 percent
or so move up from its bottom (which bottom may be current).
I think we will thus have plenty of warning of the crunch
ahead of time.

-- Carl

By the way, I prefer beanie babies to tulips, or better yet,
those "ernie" things that were popular recently.
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