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Strategies & Market Trends : Point and Figure Charting

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To: Lucretius who wrote (2799)	5/5/1998 12:10:00 AM
From: Gottfried	Read Replies (1) of 34811

L.T. and all, Warren isn't worried yet: " Buffett Again Declines to Flinch" At Stock Market's High-Wire Act May 5, 1998 By JAMES P. MILLER Staff Reporter of THE WALL STREET JOURNAL OMAHA, Neb. -- Nearly 600 points later, Warren Buffett is still cautiously optimistic about the stock market's ability to sustain sky-high valuations. In comments to stockholders Monday at Berkshire Hathaway Inc.'s annual meeting here, the legendary investor reiterated, with qualifications, the outlook he enunciated in his annual letter in mid-March: The market isn't overvalued, he said, if interest rates remain low and increasingly efficient U.S. corporations continue to deliver the kind of "extraordinary" return on equity they have delivered in recent years. [snip] subscribers: interactive.wsj.com GM

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