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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lucretius who wrote (44612)11/18/1999 8:53:00 AM
From: wanmore  Read Replies (2) of 94695
 
just the kind of attitude I've been looking for to get me bearish again. Now I just need about 10 more posts like that one. Good news...bad news...it doesn't matter what the news is, as long as people think they will get 20%...30%...40% (or in the case of NASDAQ) 45% returns on their 401K they will keep buying stocks. Valuations mean nothing. "Who cares if ABC company is near bankruptcy....the stock is flying....I'm in." This is the attitude that must dissappear before a correction of any magnitude will occur. This is insane so go long and put tight stops.
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