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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (2460)	12/18/1997 3:55:00 PM
From: Wally Mastroly	Read Replies (4) \| Respond to of 42834

I wonder what Bob thinks of this forecast? Prudential's bull Acampora sees bear market in '98 biz.yahoo.com thestreet.com Quote from the above link: "Forget the Abby Joseph Cohen Effect, at least for today. This morning it was the Ralph Acampora Effect that shook up the stock market. Just as Cohen of Goldman Sachs can turn a sector on with her smile (or off with her frown), the influential Acampora of Prudential Securities gets a lot of attention for a simple reason: He's been right."

To: Investor2 who wrote (2460)	12/18/1997 6:49:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 42834

Maybe the time is here now. Maybe it will be here two years hence. Who knows? However, I feel that when you get foolish advice such as the following, you really don't need any enemies : "The simple fact is that over long periods of time, companies that can grow their earnings above the rate of the market will outperform the market given the almost perfect correlation between earnings growth and stock price appreciation [emphasis mine -- Dipy. Clearly shows that these folks haven't seen any market other than the present bull market!]. Over long periods of time, earnings growth and stock price appreciation converge, regardless of the initial valuation." For the sake of the poor idiots who really believe in the above gem from the motley fools, one would hope that earnings would eventually catch up with the valuations. But things usually don't get leveled that way -- almost always it is the valuations that tend to make the adjustment. Dipy.