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Hi Bob:
Thanks for the tip (the web site).
I have a problem using such "fundamental" indicators. Let say we know that
we are in danger zone. What should I do? Is today chart formation a top, a
bottom, a continuation pattern? It could be any of it. So in that
"fundamental indicators" are not helpful.
They are not helpful in another situation. I am pondering a question are we
in the new 4 year cycle: bull move for a few years, then decline, the usual
routine. "Fundamental" indicators give me a clear "danger" signal as at the
beginning of the previous 4 year cycle, and 4 years before, and before...
What should I do?
Where those "fundamental" indicators could be helpful (I suppose) that if I
see a major top or bottom and "fundamentals" confirm or contradict the
pattern. If they confirm to the better, if they contradict then I need an
extra review.
Alex.
At 12:14 PM 7/17/99 -0700, Robert A. Roeske wrote:
>If you want to check in on another study of the "risk" index check out
>http://homepages.together.net/~wbarnes/stockmarket.htm. One argument
> On a year over year comparison(252 trading days) it does look like
>history is repeating itself at least pattern wise.
>BobR
>
>At 02:30 PM 7/17/1999 -0400, Ronald McEwan wrote:
>>I ran this off this morning. I wanted to see how we stand on earnings for
>>the S&P 500 versus the yield on the 30 year bond. I simply subtracted the
>>earnings yield from the 30 yr bond yield and plotted it against the close
>>for the S&P. While this is obviously no great surprise, I thought it
>>worth while to mention. My opinion, in light of the recent rate increase,
>>is that while earnings have been the star performer they will not be able
>>to sustain this level of growth. Of course the Fed could lower interest
>>rates and then we will be off to the wild blue yonder.
>
>>Ron McEwan
>>
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