Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: HH who wrote (2525)	7/15/1997 8:59:00 PM
From: bobby beara	of 94695

HH, maybe Joe Granville has found the holy grail. As long as the money pours into equities, valuations are irrelavant, all bears will be absorbed. The boomer effect on this market can't be denied and boomers don't start retiring till toward the end of next decade. As long as inflation and interest rates stay low there is no competition for equities, so for now the tulips bloom. Who's to say this isn't a 25 year abberation in history (would put us at 2007), just like 1929-1954 period was an abberation. My friends kids gave me December 2001 at 20,000 for the market crash from their weegee board, which is probably as sound a tool in this market as T/A & F/A.-g- As long as the companies continue to lower the bar to make it seem like there beating estimates we might as well cheer with the rest and go with the flow. Kahunatic capitulation in mass means only one thing though, were going to 2700 by 6/98. Bob

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