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

To: MrGreenJeans who wrote (7229)	8/28/1998 8:01:00 AM
From: DD™	Respond to of 42834

Taken from Briefing.com Excerpt... "Earnings Outlook We were never convinced that the S&P 500 would post double-digit growth, as the market expected, but we did see mid-single digit growth - that is until now. The biggest impact of the worldwide financial implosion is the increasingly real prospect of a US recession. Let's face it, with Japan in recession, Germany in serious trouble now that Russian and Eastern European markets are collapsing, Mexico under seige and Canada beginning to buckle, it is difficult to paint a rosy economic picture for the US. At best, market now sees slow growth (1%-2% area). Worst case scenario is negative growth or recession. With the worldwide economies likely to slow considerably in the months to come, market must consider the possibility that earnings will turn negative early next year. At a multiple to earnings of 22x, the market is nowhere near priced for zero to negative earnings growth." briefing.com Perhaps it truly is time to buy. DD