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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (55857)10/20/1998 11:23:00 AM
From: James Strauss  Read Replies (2) of 58727
 
Don:

The three days of New Lows below 100 and last two days below 40 bode very well for a continuation of the Bull... Dow 8600 was my line of Demarcation... We seem to be crossing it convincingly... The FED is determined to keep the markets liquid... When I see this type of FED blessed environment I go with the flow... If we don't give back the gains in the afternoon, the Bull is back... I agree with your concerns about the S&P P/E above 25... But too many people are calling for negative earnings growth in 1999... My contrarian nature says the majority is wrong... We may start to see some surprises from emerging market economic improvement that wasn't factored in to the earnings projections... The FED and its counterparts have too much at stake to allow for a worldwide Recession/Depression next near...

Jim
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