Is a Market Correction Near? Message Board

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Strategies & Market Trends : Is a Market Correction Near?

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To: Les H who wrote (3)	12/4/1996 11:06:00 AM
From: Matthew G Buetow	of 15

I think that IBM will go down a little bit this month due to sell-offs for profit-taking for the end of the year. I don't, however, see a correction any time soon. If the fundamentals are there then people will continue to buy and jack the price up. There are so many stocks in the market that have much higher PEs than IBM that are attracting investors. I think IBM will continue to attract investors and the price will probably be well-over 200 before there's a "correction". By the way I hate that term because as far as I'm concerned the market IS correct and is in no need of a "correction" I like making money. Let me make one quick point, I don't know very much about IBM and their future, but when I make my assumptions I make them on what the market is doing and PEs and earnings per share. IBM is not one of my holdings, unfortunately, so if you have insider info or if you know something about them that I don't(which wouldn't surprise me) then you may be right. Like I said, I'm just baseing my opinion on fundamentals.

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