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Strategies & Market Trends : Waiting for the big Kahuna
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To: kahunabear who wrote (2366)7/11/1997 10:15:00 PM
From: bobby beara   of 94695
 
Britt, long contest and 'bullish talk' was to help me and others to not get to carried away in 'speculating' on the downside. We don't want to be in the char and rubble on the waste heap of bears of 94,95, 96.

Column in July 7th Barrons Alan Abelson, talks of the demand supply equation and how stocks are no longer tied to valuations but are traded like commodities. Oversupply of money and undersupply of stocks have driven this bull past every bear (and he explains that every bear has been unable to grasp this simple demand-equation idea). His bent on the article is bullish. However, my bear bent sees exactly the problem for crashes when the tulips get to a certain price the supply of money dries up and the tulips wilt.

Are we there yet? Credit is flowing so freely from financial institutions and handed out to anyone with a heartbeat - this is a clear danger signal to me.

At the top of these speculative bubbles the greed & corruption start peeking their ugly heads thru the surface. Clintongate is just to hard to deny for those who lived thru the early 70's. I see hucksters every day on the local business channel selling options seminars or flaky IPO's or penny stocks, you've got to laugh at these characters.

Hey while were at it lets have a Kahuna IPO? Kahuna futures? (I know Ibexx we don't have a future -gggggg-) We may need to raise more cash to fuel our put bets trying to hit Babe Ruth style home runs, while this juggernaut speeds to 2001.

bob
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