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

To: CatLady who wrote (16938)	4/20/1998 5:00:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

CatLady - same was in Barrons this weekend, page 4 and the most telling indicator is that Abelson did not recognized it as an bearish indicator he was very guarded on a relative basis. - e.g. the market may move side ways. AT&T and the IBM report is also very telling even if they blame "outside factors" to slugish growth. Based on my reasoning with no earnings growth IBM should trade at a 20% to 30% discount to the 10 year bond or around 13 PE, which is more in the $80 to $90 range. Will see how the market will react to this. BWDIK Haim