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

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To: wooden ships who wrote (4582)4/13/1998 8:18:00 PM
From: Investor2  Read Replies (3) of 42834
 
The Fed recognizes the "New Era."

'It's quite likely that investors no longer see equities as relatively risky and that we have entered a new era of high P/Es (price/earnings ratio) that could extend for some time,'' he said, adding that the Japanese stock market fit the same profile before 1990.'

biz.yahoo.com

Also, from another site, "The International Monetary Fund warned on Monday that although the U.S. economy will likely escape the effects of Asia's crisis largely unhurt, there is a growing risk of a sharp correction in U.S. stock prices which are at or near historical peaks."

It looks like all of the monetary agencies are warning us.

Best wishes,

I2
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