Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Paul Shread who wrote (34297)	11/24/1998 10:58:00 AM
From: Terry Whitman	Read Replies (1) of 94695

<< Was surprised that we hit new highs so soon, but what surprised me even more was Ralph "6500" Acampora back on the 10,000 wagon on CNBC last night. If anything, Mr. Whitman, that is your seventh sign. ;-)>> Thanks for the nomination, but I think the seventh sign is going to have to be something a little more shocking <g>. BTW- S&P 500, P/E now 30.2. Any bets on how high it goes? This is bubble record territory we're talking about here, so anything goes. If there is one thing I have learned in my years of trading: Never underestimate the limits of insanity. We've already passed my estimated insanity limit, so I'll increase by 5%, and round it up. My guess- 32 P/E for SPX. TW

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