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To: Mark Fowler who wrote (41314)2/20/1999 1:15:00 AM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
Mark-

How about rising interest rates, Japan banking crisis, a US stock mkt that rebounded just so, so fast from Aug - Oct lows that the plateau cannot be sustained (this last one requires more experience than 5 mos in the mkt to recognize)flat to lower pc sales that are trending even lower, too many internet issues available now to absorb investor cash and still go up, put/call ratios that are really euphorically way out of whack, international economic stagnation, lots of weak-hands day-trade value now in the market, ect.

Otherwise, everything looks great!

Victor



To: Mark Fowler who wrote (41314)2/21/1999 12:18:00 AM
From: Mike M  Read Replies (1) | Respond to of 164684
 
The breadth in this market has been horrible for some time. There is no leadership in this market. We are only a couple hundred points from the top yet have 20 new highs and over a hundred sixty new lows Thursday....Analyst bullishness is the highest it has been in years. Only 20% are bearish.

Fundamentally, our economy is struggling with the Asian malaise. Japanese and Chinese trade deficits are at all time records because Asia is not buying our products....We are going to suffer at least a few quarters of earnings doldrums perhaps more if Asia doesn't snap back.

Our market has priced in near perfection into earnings, some of the highest PEs we've ever seen while interest rates are threatening to go higher.

There is more but that will do for starters.

Mike



To: Mark Fowler who wrote (41314)2/22/1999 3:29:00 PM
From: GST  Respond to of 164684
 
Mark -- I am on the run and not fully up to speed on the thread -- but this is a good bounce up -- I think it will provide a good place for a swan dive -- wish I could be more specific on when -- but if we move with much force to the upside it might be sooner rather than later. Hope you are making money -- and suspect that is right. Good luck -- must run.