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


To: Sonki who wrote (7742)9/7/1998 11:30:00 AM
From: Ken Brown  Respond to of 42834
 
So Bob hopefully has made all those yet to be revised earning estimates in his timing models.

I wasn't able to listen to his shows in their entirety this weekend, but I did not hear him mention any changes to his 99 S&P earnings estimates. The fact that he's looking for new highs next year without getting as high a pe expansion as we had at the peak (I think I remember him mentioning 22 or 23x as his S&P target), would indicate to me that he has not lowered his estimates substantially.

Therein lies the risk of Bob's anticipated scenario.

Ken