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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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