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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: John Pitera who wrote (69262)10/15/1999 3:49:00 PM
From: Defrocked  Read Replies (1) of 86076
 
For the Bulls, hope springs eternal.
Imagine pinning all your hopes on a
bounce-and-hold of a silly number
like 10,000 as if it means anything
after a 600 point fall from last week
with the Fed increasingly going into
tightening mode.

A down dollar will cure the optimism as
well as a slowing economy that engenders
reduced earnings growth.

J6P will rue the day he swallowed all that
buy-and-hold-regardless-of-price crap. That's
how WS makes its money.

Most professsionals, at least the ones I know,
are not holding stocks now.

Note the CINX Inut index is down 13.3% this week.
Insider selling will crescendo large next week. BWDIK.
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