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.

Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?

To: ED_L who wrote (2458)	8/31/1998 9:10:00 PM
From: ED_L	Respond to of 4613

See Motley Fools CBS comments @ fnews.yahoo.com

To: ED_L who wrote (2458)	9/1/1998 6:53:00 AM
From: John M Connolly	Read Replies (1) \| Respond to of 4613

Ed, While there is no doubt that there was a rush to the door yesterday, I do not belive that you have the ingredients for a bear market in place. No inflation, no unemployement, low interest rates, a federal budget surplus - bond supply will dry up. There is really only two places to put your money equities or under your mattress. Futures are up 22 with fair value at +5 so we are positive - maybe a positive open - then we will see if we can hold it. I would think that the buyback program will kick in today. John

To: ED_L who wrote (2458)	9/1/1998 8:44:00 AM
From: MGV	Read Replies (1) \| Respond to of 4613

A couple of points of divergence: Bear Markets like this last 18 to 24 months. There is no recipe for a "bear market." Even if there were, 18-24 months beginning when? yesterday? last week? 18 months ago? Many stocks are down 25% or more from 18-24 month highs. Where will CBS be after the market drops 2500 points more. My estimate is 18. The market will not drop 2500 points to 5000. The earnings capacity of CBS has not changed by what happened yesterday or what will happen today. It will grow cash flow in double digit rates. It will continue to buy back stock at these levels. In 12 months, a buyer here will feel fortunate to have picked up CBS at 25.