SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Stock Market Bubble

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Wexler who wrote (1299)8/28/1998 9:17:00 AM
From: bobby beara  Read Replies (1) of 3339
 
The U.S. economy has not changed much except for some drag on corporate earnings due to the Asian crisis

Bill, it takes time for this to work itself into our system (and it will) and bye the bye the Asian crisis is no longer localized, you can add Latin America, Canada and of course the Big Bear Russia.

The market is a forward looking instrument and discounts future earnings, which have been declining for over a year now. Stocks even after this haircut are still double historical p/e ratios.

We are in a bear market after an irrational year and a half blow-off top. Bear sentiment is now a leading, not a contrary indicator.

bb
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext