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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (5024)	5/17/1998 11:09:00 PM
From: edward miller	Respond to of 42834

Let me add that the way earnings warnings are occurring I wouldn't bet against $46 instead of $50 earnings. Then recalculate your expected "earnings" in the stock market. FWIW my take on the present situation is that a rounding top seems to be forming. I suspect that the next market decline will not be anything like the Big Crash that so many are expecting. A slow, grinding bear market seems more likely to me. This scenario is filled with rally failures based on one hope after another of a true turnaround that just doesn't quite materialize. Just my opinion, Ed Miller