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 (44013)	10/16/1999 11:26:00 AM
From: Gary105	Read Replies (1) of 94695

Sticking with my BK prediction for Monday. AG is not to blame for this. The real culprits are the prominent gurus in the financial community who failed to urge caution as the market reached stratospheric levels - those who place personal greed about their bonus compensation above their fiduciary responsibility to their clients. The market P/E is still way beyond historic levels - it got there through falling interest rates, accelerating earnings growth and greed. We now have rising interest rates, decelerating growth and fear. This too shall pass, but not overnight, and not without a substantial downturn in market. Gary

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