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To: donald sew who wrote (55862)10/20/1998 11:37:00 AM
From: Compadre  Read Replies (1) | Respond to of 58727
 
Donald: I agree on both of your points. But rather than second guessing the Fed's it is much safer to just follow their leads.

Regards,

Jaime



To: donald sew who wrote (55862)10/20/1998 12:15:00 PM
From: Linda Kaplan  Respond to of 58727
 
Don and Lisa-- You've mentioned shorting WFC. What a nice one! I never looked at it before. When you do, I assume you go to puts? Let me know what you end up buying? --Linda



To: donald sew who wrote (55862)10/20/1998 12:25:00 PM
From: Lee  Read Replies (2) | Respond to of 58727
 
Hi Don,..Re:I heard earlier this morning on CNBC, that the P/E for the S&P 500 is back at 27.

Market Gauge also shows PE = 27.11 which doesn't sound correct. Either it's trailing and therefore not adjusted for recent rate cuts or forward and future earnings are significantly reduced. Don't know.

marketgauge.com

Also, included S&P chart and TA which looks pretty bullish.

tfc-charts.w2d.com

Regards,

Lee