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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (27249)9/25/1999 7:33:00 PM
From: Benkea  Read Replies (2) | Respond to of 99985
 
Lee:

I hear ya re: Greenie, but I don't think he is gonna tank us either. He knows we will tank if he does just like he knows we rally if he doesn't. EWT and everything was SHOUTING tanko (BK) last fall JUST before he lowered. I guarantee he knows the frailty of the US equity and bond markets right now and will walk very very softly.

As for the EPS 6% increase vs. 40% index increase, I have a 6% EPS increase (including charges but not options) to go with a 6% increase in the S&P 500 (in the last 365 days). That's pretty darn close. The problem is in the NDX. And oh what a problem it is.