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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Philipp who wrote (30134)	10/4/1998 11:33:00 AM
From: GROUND ZERO™	Respond to of 94695

Phil, Believe it or not, I agree with you. The problem is that the technicals don't. If these markets crash, I can only be excited about picking up some real bargains. I don't care which way the market moves, as long as it moves. I'm not a perma anything, just that right now I'm expecting a rally. I'm not always right, but I express my opinion. What truly amazes me is that these markets have been moving higher at all until now. My Best. GZ

To: Philipp who wrote (30134)	10/4/1998 11:38:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 94695

Philipp .. Re expectations I believe that expectation perceptions are about to be changed for Mr. J. Q. Public when they find out what just happened to their retirements this last quarter. Of course they could all choose to ignore the quarterly statements and push their collective heads into the sand further. Perhaps someone could put together a new ratio WK/HS .. that would be wake up over head in the sand. Do you think that the ratio will change next week? Gersh

To: Philipp who wrote (30134)	10/4/1998 1:10:00 PM
From: BubbaFred	Respond to of 94695

"... expectations in the U.S. are completely unrealistic at the moment, while the rest of the world has already adjusted to a more realistic view of the future..." You hit that on the nose. If the present P/E at 20 with impending and inevitable shrinking profit is justified and reasonable, what will it be when global economic expansion begins again? P/E of 100?, 1,000?. Is that rational? Will 99% of the stocks follow the valuation of AOL, AMZN, and YHOO? Perhaps we will see a bunch of trillion dollar companies soon.