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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (1521)6/27/1997 12:15:00 AM
From: HH   of 94695
 
Bill, Good luck tomorrow and the next few weeks. As Carl
pointed out, Homeruns are few and far between, but so are Kahunas.
Whether it happens in the next few weeks,we will all see together.
I think we are definitely at a major re-adjustment point equity
investing. And I agree with you that it will happen very soon
and it will be brutal. The money I got riding on this is modest and
is purely speculative. For me , the market doesnt represent
a legitimate investment arena anymore. The stocks I would like to own
are IMO gonna get burned because of the excesses of the system.

But the factors that I see in your (and mine) favor is (are)

1. the market (dow , s&p) has for the last two
years gone hyperbolic.its gotta stop sometime
2. economy is not heated but is entering into
a potentially deep and widespread recession.
3. market mania has reached obvious heights.
4. the Japanese have delivered the message
"protect the USD" which means interest rates
cant come down at will.
5. P/E are in alice and wonderland territory

There are more that I havent even named or even understand
but you get my message. Youve got the pieces in place for
a 1 correction,2 ursa major,3 Kahuna, and maybe for you a
"Grand Slammer" . Good luck.
HH
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