Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (48790)	10/12/2000 12:35:07 PM
From: William H Huebl	Read Replies (2) of 94695

A couple of things... - as a reverse flip to what Bob said yesterday, the DOW-30 is taking it on the chin because the NAZ already has; - conventional wisdom is to buy the cannon, sell the bugles... or whatever; - the bottom I had for SPY was 132 and we came close this morning... don't think GZ is talking to me any more??? - the markets don't like uncertainty... we got boatloads (no pun intended) of it right now! What do I think? It is clear the markets are reacting to the possibility of war. An attack on an American ship, I would think, could be construed as an act of war. In my way of thinking, it is not a "good time" (is there ever one) to get pulled into a war... with a lame duck president, an over-valued market and a region which seems to get more explosive day after day. As for what I will do??? Wait to see what shakes out. I still do not have buys on SPY nor sells on VIX. Until that time, I will most likely just stay on the sidelines and not commit any pin money to this rational non-exuberance! I think the SMART money was out long ago... and here we are guys and girls, holding the bag. DUH! (Actually, I have not been in the equity markets in any big way since July of LAST year)

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