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

To: epicure who wrote (21723)	7/16/1998 1:06:00 PM
From: James F. Hopkins	Respond to of 94695

X; Well it was a forecast warning more than fact, but I already see it showing up here and there. In reading the 10-Qs look at the cash flow, ( earnings can be skewed in hopes things will pick up ) but revenues are hard to skew, and I'm seeing more of them down, while earnings go up, that won't last long. And if the cash flow is down where is all that great growth that's priced into every thing..yes even most of our Blue Chips are now looked at as growth stocks and priced the same..can that happen if the economy slows and you know the FED has been wanting to slow it, and will get their way. I'm not a bear by nature but the market is up a lot this year, I don't see it maintaining this rate of climb with out some pull backs. The S&P is up 24% do you expect it to climb 48% for the year..and you know it's going to have some volatility.. Even if we do give up 10% and then climb again it will wind up with a good year. Likely more than it deserves.. The DOW from 7600 to 9200 is 21% so expecting some sort of pull back is not unreasonable..the market don't just go up all the time. If you go back on this thread you will see I'm more or less the bull ( or buy the dips type ) of this thread. And I really hate trying to call tops. On the news I heard this recent run up was a lot of European money buying the tech sector as they have so few techs over there, will they be long term investors ? The news seems to make sense as the recent rally in the indexes was mostly due to the 5 biggest tech stocks, and they like Blue Chips as they are liquid. They seem more concerned about liquid than earnings. Jim