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Strategies & Market Trends : Waiting for the big Kahuna
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To: Giordano Bruno who wrote (43126)8/23/1999 12:52:00 PM
From: clochard  Read Replies (2) of 94695
 
I think we are around the top, but you can't bet the farm on it. Any level of the Dow implies a total market cap which must be maintained with inflows of money. To rise another 500 points, an enormous amount of new money would have to be borrowed, and it doesn't seem that this kind of new money is available.
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