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

To: kahunabear who wrote (14902)	3/12/1998 2:50:00 AM
From: Bilow	Read Replies (2) \| Respond to of 94695

Hi whipsaw. Very well said: First it was book value that didn't count and now it is earnings. It makes sense if this really is a mania. Tulips didn't have earnings either. And already sales growth didn't matter, only the earnings growth. So management faked the higher earnings and pumped up their stock options. I don't know what is going on around there, but up here, high tech employees pretty much right their own employment contracts. I like it, but I don't think it can last. I think the mania ends when unemployment makes a 1 percent or so move up from its bottom (which bottom may be current). I think we will thus have plenty of warning of the crunch ahead of time. -- Carl By the way, I prefer beanie babies to tulips, or better yet, those "ernie" things that were popular recently.