Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: J.T. who wrote (1496)	6/26/1997 9:57:00 PM
From: Death Sphincter	of 94695

Haven't posted here much lately but had several discussions with Bill in the past. Spent several years working on the floor of the Board of Trade about a thousand years ago. There is irrational exuberance here for the Big K, the lunatics have all the money and many freaked out and are kicking themselves for not "buying the dip" soon enough back in April. Until something changes fundamentally in this market, ie. lots of missed estimates(hopefully by Big Guys) the money will buy the dip. A HUGE Employment report could do it the day after FED report on July 2. If not....... I have never forgotten, though at times kicked myself for not adhering to the first thing my boss told me back in 1975 on my first day on the floor....... "Carl, the bulls and the bears make money and the pigs get slaughtered". IMHO this is just a normal correction coming and until I see something to tell me differently I will sell of portions of my PUTS as soon as 1/2 cover my exposure. Good Luck

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