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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Cynic 2005 who wrote (70100)10/19/1999 6:06:00 PM
From: Imuah  Read Replies (1) of 86076
 
The street will wring every last bit of up they can get out of it in the short term.

I keep thinking about '87 and how bonds just kept dropping and stocks just kept heading higher. I wasn't watching tick by tick back then. Read about it later.

I wish I had a website set up. I have a long term chart of the Dow going back to 1915 with a 500 period linear regression line drawn through it. There two very salient features in that chart. One is 1929 and the other is now. The Dow in each case is over 120% above the linear regression line, which is at about 4000 at present.

That and 5 bucks will get you really good latte
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