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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: John Pitera who wrote (52636)7/22/1999 10:03:00 AM
From: Defrocked  Read Replies (2) of 86076
 
"that was a crazy day"

The cold sweat glistened on the bulls foreheads Oct.19th.
And the next three days were limit up in bonds. Tuesday
morning Eurodollars fell 200bps in 20 minutes before the
opening.

Many have pointed out the similarities between now and then.
But IMHO it seems even more investors are ignoring today's risks.

BTW, I don't believe in astrology. I do, however, believe in
the principle of Maximus Fuximus....the markets will screw the
most people at the time they least expect it. So now, or next
week after a dip, is as good as time as any given the complacency.
Furthermore, we are again approaching asset preservation season and this market is overripe for profit taking which could cascade on bad news.BWDIK.
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