Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (41316)	7/2/1999 12:34:00 PM
From: pater tenebrarum	Read Replies (1) of 94695

GZ, waiting for the BK...and waiting,waiting,...still waiting.<g> the number of bears can now be counted on the fingers of one hand - i wonder how you got the impression that there is a lot of bearish disbelief out there. even the long term bearish hold-out Richard Russel has thrown in the towel. his words: "you just have to be bullish here". former bear Michael Armstrong is now projecting a Dow target of 18,000 "within the next 1-2 years".P.Q. Wall, who was predicting disaster to begin from a level of 9,200 now looks for 14-15,000. target inflation is alive and well... and you know, i'm not really a bear either, i still have some long positions for this ride, since everything looks so convincingly bullish... except this darn unanimity of course about the market's direction. never mind what they're saying, watch what they are doing: buying calls hand over fist. regards, hb

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