Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (35073)	12/8/1998 8:57:00 PM
From: Hawkmoon	Read Replies (1) of 94695

Haim, I was thinking some of the same thoughts about fundamentals. However, with oil prices at 12 year lows and expected to go lower, as well as rock bottom prices on the CRB, if should be expected that they may help to cushion earnings in the short-term until economic activity (theoretically speaking) can pick up overseas. Combine that with a weak dollar that would ease the trade deficit (to the detriment of Asia and Latin America), and we may just squeak by with better than expected growth in earnings over the next several quarters (but weak dollar also means less desire for foreign money to invest here). Without a collapse in Brazil or another crisis point, I'm beginning to wonder if there is just enough "fundamental evidence" (ignoring current PE valuations...:0) to keep us in a trading range. There is still a lot of money sloshing around out there and folks are getting ready to pump another annual allotment into their IRAs and 401k's. Am I just getting caught up in the delusions of current valuation analysts?? Just trying out my new set of Rose-colored spectacles... <VBG> Regards, Ron

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