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

To: Barbara Barry who wrote (8940)	11/2/1997 11:01:00 AM
From: Bonnie Bear	Respond to of 94695

Barbara, the money is made on the short side now...cash is a great place to be too. I would not buy stocks long until we have a retest of the April lows.

To: Barbara Barry who wrote (8940)	11/2/1997 11:09:00 AM
From: Bonnie Bear	Read Replies (2) \| Respond to of 94695

Barbara: look at IBM to tell you where the market is going.

To: Barbara Barry who wrote (8940)	11/2/1997 11:19:00 PM
From: Slide Rule	Read Replies (1) \| Respond to of 94695

Barbara, be careful with "economy OK" and "earnings have been good". It's been OK recently in the USA, but that could change if earnings dropped off in '98 or went flat, or we see global currency troubles. FWIW, lotsa stocks (especially techs) are said to have their future earnings already priced into today's stock price. The NPV calculation is quite sensitive to changes in string of future earnings. If earnings expectations drop, then price should drop, too. Of course, maybe "this time it's different" and the business cycle no longer pertains -- or, maybe not. JMHO.