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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: wizzards wine who wrote (9780)	11/17/1998 6:34:00 AM
From: Giordano Bruno	Respond to of 34808

Morning Preston, may I add 2 cents... From Briefing.com : " the S&P 500 now trades at 29 times trailing earnings, while earnings are falling...all because the Fed lowered short-term rates from 5 1/2% to 5%...gotta love this market. " Another cut should deliver 30 times trailing earnings. Take care, Jim

To: wizzards wine who wrote (9780)	11/17/1998 7:11:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 34808

Preston, FWIW I agree. The markets are overvalued currently,the bubble has filled considerably. The bottomline, do you feel that current international and domestic growth, stability, and economic conditions warrant US markets trading near their highs? IMO, Greenie should be wary of overheating an overheated market..The eventual "bursting of the bubble" would be devastating to world economies,this is a chance to let a little air out,or let the markets trade on their own merit. World markets have rebounded nicely since mid Oct.,but the US markets have leaped..just my 2¢ worth. But I believe markets weigh heavily in the decision process,and the Fed needs an ace in the hole,IMO.;^)DD