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

To: kas1 who wrote (11636)12/15/1997 2:24:00 AM
From: Elllk  Read Replies (1) | Respond to of 94695
 
kasl

Bernstein is the current schill who gets some kind of reward under the table for saying ridiculous but optimistic things. He is in double jeopardy using the five-year projection for S&P earnings growth provided by unnamed, self-serving Merrill Lynch securities analysts on top of which he imposes his own 30 year projection of dividends. On top of which he then makes assumptions about growth rate and dividend payout ratios as as a function of "a firm's degree of 'maturity.'" No doubt these assumptions and the concept of "a firms degree of maturity" are wonderful things which we will be able to realize if anyone ever says anything about what the hell they mean. But I'm not holding my breath waiting for further elucidation.

Larry



To: kas1 who wrote (11636)12/15/1997 10:01:00 AM
From: Joan Osland Graffius  Respond to of 94695
 
kasl, >>Stocks are 20% Undervalued.

Did they name any stocks. Would like to buy some 20% gainers for 1998.

Joan



To: kas1 who wrote (11636)12/15/1997 11:59:00 AM
From: Tommaso  Read Replies (1) | Respond to of 94695
 
Didn't it end by suggesting that the horizon in mind was 20-30 years, something like that? It could be a pretty dismal first ten years, especially if you died before the market recovered.


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