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

To: GROUND ZERO™ who wrote (9974)	11/18/1997 1:43:00 PM
From: Brad Bolen	Respond to of 94695

Didn't anyone notice that asia was a bloodbath last night...save Japan? Does it matter? I am beginning to wonder. I still maintain that the critical question is far simpler than some complex formula for figuring the fair value for the S&P, or the like (perhaps because I'm a mental midget compared to some better endowed posters): Given: the S&P is currently valued at the historical high end of 98 earnings estimates, are the odds better that: A) earnings revisions will tend upward over the next 3 to 6 months. or B) earnings revisions will tend downward over the next 3 to 6 months I know how I'm betting. B./