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Strategies & Market Trends : Waiting for the big Kahuna

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To: Kip518 who wrote (30368)10/5/1998 8:55:00 PM
From: HairBall   of 94695
 
Kip: When the pundits start selling doom and gloom, they are doing one of three things.

One: Pumping up John Q. Public to bail in a capitulation day blood bath.

Two: Make John Q. Public look over the cliff of doom, while they take the market up in rapid oscillations.

Three: This is not going to be your garden variety pull back and the Brokers want someone to have enough faith in them after this is over, to continue to use them!

I don't think we are going to a new era “new era” with P/E valuations in the triple digits. So, I would suspect we are going down! Of course with the usual grade A roller coaster oscillations!

BWDIK
Regards,
LG
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