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To: Joe NYC who wrote (43540)1/1/1998 11:37:00 PM
From: Jay  Read Replies (1) | Respond to of 186894
 
Joe Re "At 69, I would probably go long ;-)"

What if earnings estimates are cut further following the
new price cuts?



To: Joe NYC who wrote (43540)1/2/1998 11:39:00 AM
From: Paul Fiondella  Read Replies (1) | Respond to of 186894
 
My last post on this thread --- Watch out for a sharp shift.

I leave you with these words from the Far Eastern Economic Review

"What US investors don't seem to take into account is that recent earnings per share growth is absolutely unsustainable. The US will be lucky to see 3% EPS growth in 1998. I see a substantial correction in the S&P which may approach 25%."


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