Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Stingray who wrote (2648)	7/19/1997 2:04:00 AM
From: Richard J. Byrd	of 94695

Stingray: Your analysis of a coming peak in the market, then a 10% dip followed by a rally that fails to achieve the old high, then a carnage - is an eminently reasonable scenario. Except that, every smart analyst has been predicting it since the DJI was a 4,000. And its never happened, at least since the 1987 blip. The market was overvalued at 4,000, 5,000, 6,000, 7,000 and it is also at 8,000. So what, it just keeps going up. Dick

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