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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (27163)9/10/1998 7:24:00 AM
From: N  Read Replies (1) of 94695
 
markets are a discounting mechanism

of a future stream of earnings discounted at anticipated interest rates, the two sources of uncertainty.

Thought AG really was at labor listing all the uncertainties of the business cycle, crises of confidence, loss of faith in contracts, political instability etc in the former. Didn't see the speech as much about the latter.

And he did, in the end, put in a reassuring word for the long term perspective, when all the current stuff washes out.

Nancy
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