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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (2296)	11/6/1998 7:37:00 AM
From: Wren	Read Replies (1) \| Respond to of 3339

The indices are moving right back toward the bubble top at the same time that earnings are slowing. Dow back above 24 P/E at 8915 S&P is above 29 P/E at 1134 Based on P/Es, looks like we are at another top unless we move up to the sky with the level of P/Es

To: Moominoid who wrote (2296)	11/6/1998 7:41:00 AM
From: sammaster	Read Replies (1) \| Respond to of 3339

seems like the market interprets anything as bullish lower rates means higher stock prices.... higher rates means no recession and higher stock prices... if the market gets through this global recession only correcting to this amount then i dont see much more of a correction for a long time.... i still believe though that we have not felt the true brunt of the effect on our economy yet.....the pressures are slowly mounting.... the problem is timing the fall..this bull is crushing the shorts/bears..... hey isnt that one of the requirements of the first bear bounce...."crushing the bears"....since the first bounce is a big one? samir