Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Ed Pakstas who wrote (131)	11/23/1998 12:26:00 PM
From: keith massey	Read Replies (2) of 62348

Ed Although I was the one talking about doom and gloom a couple of months ago I am going to predict DOW 10,000 by Jan 8. Momentum is on the DOW's side right now and people have thrown fundamental out the window. Sure most companies beat 3 quarter earnings but all of these earning estimates were downgraded from original estimates. The only time average S & P and DOW P/E ratios been in this range was in 1928-29. Russia is still sinking (or at least swimming along the bottom), Russia is long gone, the bailout of Brazil is just a really big band-aid, etc., etc., This has to catch up with the U.S market eventually. However smart traders make money when stocks go up or down so it really makes no difference to me. Best Regards KEITH

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