Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Kerry Phineas who wrote (3462)	7/30/1997 8:42:00 PM
From: bobby beara	of 94695

Kerry, kidney huh - can you give me a name of a good doctor -g- I think derivatives have taken the place of margin. If you've read Arik's link to Eng's trading rules one of them states that "markets never change". They change the financial instruments names to 'index funds' 'options' 'futures' but the basic theme is LEVERAGE. Did you see the recent post concerning the increase in option use. The stock market isn't the only mania in town, Yesterdays LA Times front page sub-head: "Box Office Mania Gets Mixed Reviews" Hollywood the masters of illusion and delusion got their own bubble going. Here's another mania I'll dub the O.J Simpson Freeway Chase Mania, cause he started the whole thing. Lately here in LA there has been about one-two freeway car chases a week. The news media stops all programming to follow these things thru to conclusion - great drama. I thought is was a curious phenomena, until I saw one today and linked it with the social conditions today. In the bubble all things are possible, you can even outrun the LAPD -g- If you read Friedberg's Commodity and Currency Comments linked here a couple of days ago there were a few items that greatly concerned me. Remember they may change the names but the basic theme is LEVERAGE. 1. Debt in the U.S. has reach 220% of GDP, was 190% in 29' previous max. 2. In 20's US was worlds largest creditor, now world's largest debtor. 3. Total American debt = value of private real estate + stock equities 4. First time in history capitalization of stock market = GDP Don't worry, be happy, THIS IS THE GOLDILOCKS ECONOMY - NOT! According to McClellend we are entering the final accelerated vertical peak. I think he's right and I'm playing it to the upside, for a week or two - kidney's and all -g-

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