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and what do the NON back testers have to say?
Neal T. Weintraub wrote:
> What do our back testing gurus say. Is this a correction or the start of a
> bear market? Surely we have enough info. to back test. C'mon it is time to
> put all those gizmos together and give us your best shot. Bull market, bear
> market or correction.
> -----Original Message-----
> From: JParris@xxxxxxx <JParris@xxxxxxx>
> To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
> Date: Monday, August 31, 1998 10:26 AM
> Subject: Rapidly changing fortunes
>
> >JAN 1998
> >
> >Corp earnings are expected to grow at 10% to 12% this year . Multiples are
> a
> >little high but the S&P 500 should produce another 20% to 30% gain. Asia is
> >having a little trouble but it was discounted during the Oct correction.
> >Besides, Asia only accounts for 3% of our GDP and our economy looks
> fantastic.
> >In fact, it couldn't look better. There is not a cloud on the horizon.
> >
> >AUG 1998
> >
> >Where the hell did this storm come from?
> >
> >
> >If this keeps up I'm going to have to stop listening to these economic
> >forecasts and develop some trading skills!
> >
> >
> > Jim
> >
> >PS How come a bright guy like Stanley Druckenmiller only has a time horizon
> of
> >3 to 6 months?
> >
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