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


To: gregor who wrote (16827)4/18/1998 4:35:00 PM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
Gregor, rates were very benign in 29'

These MM's are measuring this market by false standards. Book value is 3-4x the 87 peak. I think Cendant is going to be a bell-weather for the future. These companies are using accounting standards that don't take into account that the biggest cost of doing business - employee salaries - is being paid largely in stock options. These companies are just as much in stock business as they are in making cokes, chips and razors.

The MM's and advisors just go along because the market goes up and they justify keeping there high paying jobs and their star status, by ignoring the obvious. Very politically incorrect and hazardous to your career to be a bear on wall st. So they stay in the grip of being fully invested, until Bill sounds the beep and they all head for the exits at the same time. Sorry gregor this ain't gonna end with some nice easy rolling correction over several months, it's gone up like a Yahoo and that's how it will end.

decisionpoint.com

from 58 to 62 we went up about 65%, from 94 to 98 we've gone up almost 250% !!!! We aren't in Kansas anymore -g-

In the end the guy on Main St. is going to get the shaft from the greed on Wall St. People are going to be very angry that they've been sold this big fat lie.