Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom Trader who wrote (7491)	10/27/1997 12:26:00 AM
From: Craig Richards	of 94695

TT asks: <<What would it take to get you feel the environment is right for getting back on the long side?? To say that the DOW needs to get back to 4000 or whatever level does not recognize that many stocks have corrected sharply.>> Even though some stocks have corrected sharply, greed is still winning out over fear. If we enter a bear market, then I think waiting for fear to become the dominant emotion would be the signal that the bottom is getting close. Some signs of this would be: - Y2K stocks being valued for 2 - 3 years of extraordinary earnings instead of 100. - Coke having a P/E less than its growth rate. - stocks go down on bad news, and go down on good news, too. - momentum investing goes out of favor. - people say "it's different this time" to explain why things are so bad. - Bonnie Bear changes her screen name to Bonnie Bull. - Iqbal only recommends buying puts on the Idea thread. - Bill Hueb starts a thread asking when the downtrend will end.

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