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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (71711)10/26/1999 9:22:00 AM
From: pater tenebrarum  Read Replies (1) of 86076
 
Luc, i'm not so sure anymore it's over... we come into the seasonally strong period for the market, tons of cash are sitting in money market accounts, sentiment is way too bearish, etc.
if reason, logic or fundamentals were the factors determining the market's behavior it would never have gotten to the point where it now is...it's a ponzi scheme, but one that obviously works especially well. the bears are fighting 18 years of upward momentum in a game that's rigged in favor of the bulls...the bulls are only fighting the Fed, and who cares about the Fed? interest rates belong in the realm of fundamentals, and fundamentals don't count.
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