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

To: Ken Brown who wrote (7717)	9/6/1998 6:12:00 PM
From: Sonki	Read Replies (1) \| Respond to of 42834

i don't think "market " is a better buy today then 3 wks ago when one looks at possible down grades yet to come in financials. which i assume is 25% of sp500. so today we may be at higher forward pe then 3wks ago. ??? s &P ernings may get down graded to yr over yr growth of 1-2% from expected 10% growth. and the fact that we are lower historical PE means nothing. So Bob hopefully has made all those yet to be revised earning estimates in his timing models. risk in marke is the Market itself not individual stocks w. strong fundatmentals who will only come down enuf to bring them to correct fundamentals. so individual stocks (IMHO) will only correct and market as a whole may go down more depending on where financials stocks may settle. they could be over done or more surprises might come. we only find out in oct earning announcements at conf calls from individual companies. rest of it is all guess works. where everybody can be right some of the time and no body can be right all the time.