🚀 go-pugleaf

Forwarded from aus.invest under the title :
EARNINGS ESTIMATES AND THE MARKET.
Precedent attempts to publish it on aus.ng have been foiled since the
message has been removed as soon as published !
****************************************************************************
**************

YOUR FORECAST IS COMPLETE BULLSHIT MATES !!!
WHAT ABOUT THE "DIVINE DRUDGING DROUGHT" RULING AUSTRALIA LIVES NOW !!!


STOP PUTTING YOUR HEAD IN THE SAND LIKE THE FUCKEN EMUS YOU ARE AND
PRETENDING IT DOES NOT EXIST,  AS YOU DO NOW     !!!
THE DIVINE DRUDGING DROUGHT WILL KEEP ON GOING SINCE SENT BY OUR DIVINE
CELTIC GOD TO PUNISH YOU ALL BASTARDS FOR YOUR CRIME !!! .... AND DAMNED
COWARDICE TO ADMIT IT !!!

IS IT NOT A FACT THAT YOU BASTARDS KICKED ONE OF YOUR AUSTRALIAN MINING
PIONEER OUT OF THE LAND MOTIVATED BY YOUR INNATE GREEEEEEED AND
CONSTITUTIONAL UNFAIRNESS !!!! HERE ALL CAN SEE THE JUST PUNISHMENT SENT BY
MY CELTIC GOD* !!!

ARE YOU GOING TO WAKE UP WHEN FUCKEN AUSTRALIA IS FINALLY COMPLETELY TURNED
INTO A DUST BOWL ???
THAT'' S UP TO YOU BASTARDS BUT AS FOR ME  I HAVE ALL MY TIME AND THE WORLD
IS WATCHING HOW YOU FUCKEN HEATHENS REFUSE TO AMEND YOUR HEART AND BEG
PARDON FROM THE TRUE GOD !!!

LET'S PRAY NOW !

Great Celtic God, The Unique, The Unnamed, The Blessed One and Creator of
all !
Teach us to love our friends as best as we can with honour,
and hate our enemies and pursue them with our revenge until they pay or ask
for mercy  !
Please curse them with us and support our just anger !
Give us strenght to uphold at all time the Blessed Celtic Sword of Justice,
and never falter in the Respect of our Duty & Obedience to the Sacred
Cosmic Laws !!!!

LET IT BE

HAIL TO THE CELTS !!!!

--
Jean-Paul Turcaud
Hydro & Mining Prospector
Pioneer of Australian Mining
Discoverer of Telfer; Kintyre & Nifty Mines in The Great Sandy Desert.
Discoverer of the South Atlantic Submarine Gold Placers
 _ 40 Millions Tons estimate _
Founder of The TRUE GEOLOGY

* The Greatest Australian Mining Covered Up Swindle Of The 20th Century
http://membres.lycos.fr/jpturcaud/
* The True  Geology ( previously Refutation of the Horrid Geological Myths )
http://membres.lycos.fr/xxx/ ( Not available due to plagiarism hazards )

Breaking News
"THE GOLDEN RULE"
"Gold and Intrigue in the Desert"
"The true story of the discovery of the Telfer gold mine"
Author : Bob Sheppard, President of the Australian Prospectors' Union
Author's contact & web page : www.tnet.com.au/~warrigal/
Order from : Hesperian Press, PO Box 317 Victoria Park, 6979 W.Australia.
AUS 40.00 + post

Official launching done in Perth this 15th December 2002


~~Ignorance Is The Cosmic Sin, The One Never Forgiven ! ~~


"Tim Josling" <tej@melbpc.org.au> a �crit dans le message de news:
3E34AE47.ED937857@melbpc.org.au...
> aeronaut@flight.net wrote:
> >
> > >Fourth-quarter profits climbed 8.2 percent for the 24 percent of
companies
> > >in the S&P 500 that have reported, according to Thomson First Call.
Analysts
> > >predict earnings rose 9.7 percent in the December quarter for all index
> > >members. On Dec. 1, the average forecast was for 15 percent profit
growth.
> >
> > >Looking Ahead
> >
> > >First-quarter profit is expected to rise 10.2 percent and
second-quarter
> > >earnings 9.7 percent, First Call said. That's down from predictions on
> > >Dec. 1 of 12 percent growth for both quarters. Earnings rose about 1
> > >percent in 2002".
> >
> > It looks like the market had been rallying on earnings forecasts from
> > "analysts."  Well, the good news was obviously more than built in, as
> > estimates were reduced by some 35% for the December quarter.  Now
> > they're ratcheting down estimates for the first half of this year, 15%
> > in Q1, and 19% in Q2.
> >
> > We'll likely see downward revisions for Q2, particularly when so many
> > companies are warning for Q1, and '03 for that matter.  Looks to me
> > like the DOW ought to be trading in the 6K range, eh?
>
> So much for prospective PEs as a good way to value the market (see below).
>
> Tim Josling
>
> From: Tim Josling (tej@melbpc.org.au)
>  Subject: Re: "The sense of responsibility in the financial community for
the
> co
>  Newsgroups: aus.invest, misc.invest.stocks, uk.finance
>  Date: 2002-07-27 00:26:09 PST
>
>
> B J Foster wrote:
> > I saw somewhere that the S&P500 PER is now in the 20's so if profits
start improving then the S&P 500 is starting to look reasonable again.
>
> According to an article in the Financial Review 27 July the historical S&P
PE
> is ~30 now, down from 45. But the prospective PE is 15! The implication of
> this is that profits are going to double in the next year which would
surprise
> me greatly. I can buy some profit growth next year, maybe, but 100%?
>
> The regressions I did tend to suggest historical PE is more predictive,
but
> you should make allowance for times when you are in the height of a
recession
> e.g. by using trailing 5 year earnings.
>
> Prospective PEs are based on analyst estimates. Yes the same analysts who
are
> renumerated on the basis of sales and investment banking income not
accuracy
> of estimates. The same analysts who were telling people to buy stocks they
> secretly believed were 'garbage' and worse. The same analysts who are
mostly
> saleswhores in disguise.
>
> In any case, markets rarely return back to sane levels and sit there. They
> often see no reason to stop at a PE of 15.
>
> Tim Josling