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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (15528)4/23/1998 12:42:00 AM
From: Richard Nehrboss  Read Replies (1) of 18056
 
Zeev,

I wanted to tell you and the other posters to this thread that I truly enjoy reading your interesting perspectives.

You've pointed out something that I had not considered: the impact of company stock buybacks compensating for low yields. Can you expound, share some numbers, sources, etc.

I'm trying to determine how much I should be hedged. I feel we are high.. PE ratios etc. Then again with my alternative being long bonds at 6-7% (a forward PE ratio of about 16) a PE in low 20's for something that will yield sig. higher ROE doesn't seem that bad. What are your thoughts on this?

Where were some of Japans ratios in 89?

Thanks again for your thoughts and information.

Richard
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