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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (40953)	6/24/1999 7:50:00 AM
From: donald sew	Read Replies (2) \| Respond to of 94695

Since Im getting responses to the CONTRARIAN GAME, I'll maintain the list. Heres the list of what the overall market is expecting, and Im not talking about the general feelings on SI but what I hear from J6P. If anyone wants to correct me or add to it, feel free: 1) The market will set new highs across the board 2) This is only a normal small correction, and the correction is over 3) Once the FOMC meeting is over the rates will drop again 4) There is no inflation 5) Earnings will be very strong 6) GREENSPAN will raise rates by .25%, but no more increases 7) After rates are raise .25% there will be a small kneejerk selloff but then a manic rally to new highs. 8) FROM BILL: Why sure the market is overvalued, but heck, that doesn't amount to much and besides, it never hurt anyone anyway! 9) FROM ARIK: P/E of 323 on expected '99 earnings for AOL is cheap compared to YHOO trading at 395 times expected earnings. Since this is what most feel, I guess it will happen. Anymore add-ons?