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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (8402)	9/6/1998 6:08:00 PM
From: Sergio H	Read Replies (2) \| Respond to of 29382

<I'm suggesting that lowering interest rates will lower the value of the dollar against worldwide currencies... It will bolster their currencies... It should also help our multinationals with their exports... The current stock market weakness sees this... If we continue along this current path the market will continue getting weaker...> You answered one of my questions. You're taking the position that althought there is nothing wrong with our economy we need to fix it because of the weakness of foreign markets and you've discounted the reason for the stock market drop being that our market was and perhaps is still overpriced in comparison to anticipated growth rates for our companies. Sergio

To: James Strauss who wrote (8402)	9/6/1998 6:30:00 PM
From: Sergio H	Read Replies (3) \| Respond to of 29382

< If we continue along this current path the market will continue getting weaker.> There are some analysts and circles that will turn very bullish on our market, at least short term, beginning next week. As the stock market continues to establish a bottom, more and more bottom fishers and buyers will participate in our markets.......with or without a rate change. Jim, now that we defined our positions, let's go for some evidence to back our arguments up. Would you say that a look at earnings revisions over the last few weeks would be a good indicator of expected future growth for American Cos. ? If earnings have been revised upward their future is not considered in jeopardy and an investor should be bullish. If earnings have been revised lower that would be a bearish signal. If earnings have predominantly remained unchanged, then the stock market fundamentals are better now than they were a month ago. Sergio