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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Gary D who wrote (1211)9/27/1998 9:06:00 AM
From: Bearcatbob  Read Replies (1) | Respond to of 15132
 
Gary and others,

The talk is all well and good. I can see the rally within the parameters of the PE top. I think one has to seriously question the ability of companies to expand the E portion of P/E. The only scenario that makes sense is that the US will have to aggressively increase the money supply and drop rates.

Even mighty KO had bad earnings news this week. I believe the PE top is in place and the rally will only be back to that point.

Bob


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