Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Jay8088 who wrote (2924)	9/21/1998 9:55:00 PM
From: Bill Wexler	Read Replies (3) of 4634

I don't think U.S. corporations will be impacted as negatively as everyone seems to think. Earnings estimates have already been cut, and I think that a lot of the international turmoil has already been priced into the market. I also think that much speculative excess has been wrung out (check out KO's collapse from 90 to 60 and the rock bottom prices for many of the most speculative stocks - the micro caps and small caps). I don't believe we are slipping into recession, and I certainly don't believe the world is coming to an end. In fact, if you consider that Japan probably won't revert to the stone age, it is probably a great time to start slowly accumulating Japanese stocks (even some banks!) The market is going higher.

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