Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Cynic 2005 who wrote (6265)	10/14/1997 10:55:00 AM
From: IQBAL LATIF	of 94695

Crash is destined to dust bin of history-! The issue is not why markets are not sky-rocketing that for me would be unhealthy issue is why markets are not going down- earnings have surprised you Mohan keep tuned more is in the store- Markets are smart- they are not moving higher because from here onwards every inch of territory needs to be properly fought and justified and that I is rational expectations- markets are not prepared to move a 1000 points higher and place the booty of 1500 points in a platter to or dear bears. Howvever, looking at the earnings man -who would not like to have a piece of action? Earnings are justifying where the market are today even if we have a two quarter consolidation here it would be very prudent- but this not a mareket ready to sell- forget about shorting - when GM sell 41 billions $ and beat street hands down or J&J comes at 64 cents -better listen to markets this market is justifying its lofty levels thru earnings- who dares sell this market to 7000 or even 7600 now- the party is over for bears- it was bears last stand but earnings have prooved once again that we are seeing unique phenomenon in our lifes and that is producitivity gains 'unprecedented in nature'and sales multiplying by volumes never seen before- don't placate yourself that why market is not going higher the issue we have been discussing is' irrational exuberance' it is noew beyond any doubt proven that instead of 'irrational exuberance' we have' rational expectations'. Why should market skyrocket? they have done so already and anyone who wants to join the party late need to cough up the price- no free lunches in this market- corrections yes- crash is destined to dust bins of history.-

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