Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: pater tenebrarum who wrote (41208)	7/1/1999 1:42:00 PM
From: Yogizuna	Read Replies (1) of 94695

hb, It certainly makes me feel uneasy too. I noticed a lot of stocks that were starting to roll over and correct jumped up far too much after Da Fed's action yesterday. It does not look good to me at all in the longer term scheme of things, even though in the very short term we could make marginal new highs. And that could trap many bears when they finally "throw in the proverbial towel" and become bullish at just the wrong time. About "Sir Allan Greenspan", he gave in to the political pressures a fairly long time ago IMO, and only seems to get worse as time goes on. He is now a far, far cry from the guest commentator I used to watch on the Nightly Business Report in the early to mid 1980's. Yogi

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