Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: William Peavey who wrote (10796)	4/27/1998 6:09:00 PM
From: Alex	Read Replies (2) \| Respond to of 116764

A cut from Kaplans site................... From the bottom in October 1990 until March 31, 1998, the Nasdaq Composite Index increased by 655% while the profits of the companies that make up the Nasdsaq rose by 114%. More startlingly, from January 31, 1995, through March 31, 1998, the Nasdaq soared 169% while earnings gained only 15%. Not counting Microsoft, Intel, and Cisco, the P/E on the Nasdaq was 90.7 as of the close of trading on Friday, April 24, 1998. [Thanks to Barron's cover story, April 27, 1998].

To: William Peavey who wrote (10796)	4/27/1998 8:41:00 PM
From: James R. Barrett	Read Replies (1) \| Respond to of 116764

Enjoyed your post Bill. My views on the possibility of a "crash" are as follows. Will there be a stock market crash? Absolutely When will the market crash? Maybe tomorrow, next week, next month, next 3 months, next 6 months, next 12 months or next 24 months. How do I know the market will crash? Because the analysts tell me so, the WSJ tells me so, the IBD tells me so, Newsweek tells me so, Barrons tells me so and my neighbor tells me so. How do they know the market will crash? Because P/Es are sky high, Price/Sales are sky high, dividend yields are a joke, revenues are falling, earnings are falling and stock prices are simply outrageous. How long will the crash last? Ah, the MOST important question. This is the one question that all the experts avoid like the plague. Every market analyst has predicted a crash of anywhere from 5% to 50% sometime in the next 3 to 18 months, but NOT ONE that I know of has tried to predict HOW LONG THE CRASH WILL LAST. The real panic won't start until the market goes down and STAYS down for at least six months. Then all hell will break loose. Jim