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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (44291)10/29/1999 1:02:00 AM
From: Skeet Shipman  Read Replies (2) of 94695
 
Bill,
It is the end of October therefore historically you should buy now; whatever the price or news. It is hard to argue with that. Even if the news means lower profits next year and higher reported inflation, it is time to buy?
You can not assume the herd of investors is wrong; Greenspan has said. Yes, he is right for as long as their investment perspective which appears to be closer to three days than three months.
You may find it interesting to review Schumpeter's history of the Kondratyev wave of the distribution of wealth and market economies. There are signals and there are SIGNALS. Perhaps we live in a new era . Perhaps we do not. Though somewhat subject this analysis has been valid for centuries.
Skeet
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