Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joseph G. who wrote (2830)	7/20/1997 5:30:00 PM
From: J.T.	of 94695

Joe, "End in trend" stuff? I talked to my broker who I'm very close to and he said that the last hour of trading when the Dow was blowing through 8000 that he got calls from clients out of the woodwork that he hadn't heard from for six months buying frantically into the high. He couldn't write "buy tickets" fast enough b/c of all the calls he had in the last hour of trading. And what were they buying? BLUE CHIPS like MOT (90) now 82, MTC, GE, MSFT ad nauseam now all off there highs. What does this mean? You don't need second, third or fourth tier stocks as indicators of "frothiness" or "irrational exuberrance" to look for a market top. Just one man's opinion. JT

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