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

To: yard_man who wrote (33726)	11/15/1998 7:38:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

tippet, several months back I have indicated that this BULL will end only wen unemployment will rise. Presently we are on the top with a start of sliding down, slowly un accounted for yet but the direction has changed. You start hearing of layoff from companies all over in the US and Europe. One of the major issues the market is missing is that the "aid package" to Brazil will drive this 160 million strong nation in recession. Venezuela and Peru are on the verge. Those countries are very big trading partners to the US and I bet you it will pull this economy down. With stock prices so high and more than a year out for a stabilization in SE Asia the downdraft will start moving sooner than later. Interest rates are always acting as a double edged sword. This time lowering them will not help a lot if profitability of companies can not be sustained. For example, DuPont already trades at "relative' astronomical P/E and we are not in a recession yet <ggg> BWDIK Haim