Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Arik T.G. who wrote (3606)	8/3/1997 12:55:00 PM
From: Tom Trader	of 94695

Hi Arik--your last response to me contains statements that are dramatic However they have little bearing with historical precedents or a supportable basis, in fact. Some examples: >>I disagree with the term correction. IMO spring correction was the last correction DOWN<< So why can't we have another correction of 5% or 10% or 15% and then resume the uptrend? Is there historical precedent that suggests that it cannot happen? >>It is true investors are now conditioned to buy the dip, but I can hardly see how could the market reach new highs after a 10-15% drop<< Why can't the market make new highs after a 10-15% decline? It has happened many times before--other than your opinion, is there specific support based past market performance that would argue for your position? >>I start to sound like a broken (vinyl) record, so let's try the other approach. If SPX recovers from 800 to a new high then the tulip mania will surely end with a millennium crash<< Another dramatic statement--but what is your basis for saying that a recovery of the SPX from 800 to a new high will then result in a tulip mania and a millenium crash?? If the long term trend of the market is measured by the 200dma of the SPX, that average is presently at 799+. Right now I am as short-term bearish as I have been in a while and find myself in the ironical position of urging moderation of bullish sentiment on the Options thread and moderation of bearishness on this thread. Why can't we just accept that given that the economy is where it is, the overall favorable monetary conditions, the relatively good earnings, etc there is a need for the market to work through some of its excesses before being positioned to move up decisively. Is a crash pre-ordained in some way that most of us just don't understand??

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next