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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: mister topes who wrote (7895)	8/19/1999 5:43:00 AM
From: Justa Werkenstiff	Respond to of 15132

Don: Re: "But can the S&P resolve this divergence in its favor by convincing investors to pay ever higher growth stock p/e ratios in a period of tightening monetary trends?" Yes, if investors are deluded by the prospect that the Fed. is out of the market for good after it does its dirty work and if they are enamored by the prospect of huge earnings down the road, then we should rally short term. After all, yesterday proved that the internets can come back to life on a simple analyst comment in an all around down market. What a nice rally it would be to sell into.