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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (5289)	7/28/1998 11:00:00 PM
From: Ahda	Read Replies (1) \| Respond to of 9980

Darn i agree with you but i done freaked today and sold a mighty lot. Thank you Zeev all me heart.

To: Zeev Hed who wrote (5289)	7/29/1998 8:20:00 AM
From: MikeM54321	Read Replies (2) \| Respond to of 9980

Zeev, Thanks for your response. It's really appreciated. On another subject, found the clip below in Cousin Bob's daily column. After all my "Asia Warnings" I was wondering how earnings would turn out. I hate to call commentary on something like earnings, a "spin," but it does appear, each quarter we get a range of numbers and a range of ways to interpret them. Abby came out last week and said something positive about the results so far. To me, if earnings have increased 3.4% for Q2, that ain't bad considering all the warnings I was finding. I would have thought it would have been flat. Now if, you add 3.4%, to Q1 increasing yr. over yr. of around 5%(?), then that's a very good annual clip (unless I'm doing my math wrong)! MikeM(From Florida) _______________________________________ Market Analysis by Cousin Bob With nearly 400 of the S&P 500 companies having reported earnings for the second quarter, we can begin to tally the numbers. Or should we say lack thereof. The news for some time now has been that earnings growth is slowing-- even if most investors didn't want to believe it. Well, try this on for size. For the 80 percent of S&P companies that have reported, profits climbed a mere 3.4 percent in the last three months. Now consider that the S&P 500 Index is up about 16 percent on the year; the Dow is up 13 percent, and the NASDAQ Composite is still up 21 percent after a 6 percent slide in the last week-and-a-half. That's a considerable rise in stocks with little growth in earnings to show for it. At one time analysts had forecast earnings growth of almost 15 percent for 1998. We'll be lucky if it's 5 percent.