To: Rillinois who wrote (7626 ) 9/5/1998 1:52:00 AM From: Skeeter Bug Respond to of 42834
>>Of course Brinker can't predict future events. But interestingly, future events move markets. So if you can't predict the future events how are you going to predict future stock prices?<< rillinois, notice how bob's kids all of sudden realize that events can make bob look like a goon. of course, he was just unlucky. now, those same events made him look good and it was all SKILL, BABY! ;-) talk about a broken, irrational paradigm ;-) btw, i think one could anticipate a global economic slowdown (i do!) as soon as asia collapsed. i think latin america goes next. i think china devalues as they are already saying it is "possible." my cmb puts are sure making me happy now :-) i may have to sell b/c some people think the pe is low and it is a "value." i wish somebody would wake them up and say there is no "e" left in pe ;-) of course, the trading don't count as they are a one time charge while trading profits are a normal part of operations ;-) the irony of having been at record high pe levels is that i can't remember a time where time where the "e" was of such low quality. why? one time charges that happen every year. stock buyback programs that push payroll expenses out of the income statement and in process r&d charges when purchasing companies. this will be remembered as a time of voodoo economic analysis. i believe that, in the future, this will have been viewed as a bubblemania by nearly everyone and those that supported the irrational stock levels will be viewed as piss poor analysts. just like japanese analysts that loved stocks thre and four times their current valuations ;-) what a bunch of dopes. does abby joesph con hear a ringing in her ear? bob? ;-)