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

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To: Jim S who wrote (7487)9/1/1998 1:05:00 AM
From: Skeeter Bug  Read Replies (2) of 42834
 
everyone, imho, is missing what happened. russia didn't send the markets tumbling. it was merely the one straw that broke the camel's back.

reduced eps outlook, massive global supply problems, massive economic problems abroad, uncertainty at the presidential level and pes at 6+ times growth rates while the markets make all time highs?

hello? that is irrational. we have merely returned to more rational markets and russia just coincided with this reality check - which was based on many factors...
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