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Strategies & Market Trends : The Millennium Crash
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To: Bonnie Bear who wrote (75)8/6/1997 5:09:00 PM
From: Nostradamus   of 5676
 
Hello everybody, just searched with my favorite operative word now.
"crash." Found this great thread on which people still seem to be
sane. Here is just what I posted on the Intel thread.
------------
The traders world is having a ball. They see everything perfect
around them. Low inflation. Lowere rates. Good company profits. The
argument is if S&P is worth 23 PE, Intel my love, sweetheart (for
some people it is) deserves more. And they think they desrve more
'cause they have a vision. A vision of greater fools. Nostradamus theory - there aren't many greater fools left in this market.
The pigs are counting chicken before they are hatched. Microsoft is
worth 180 bil. Intel is worth $175 bil. GE is worth 200+ bil. Nobody
will sell. All will be happy. WRONG!
Nostradamus revises his forecast. The crash will occur much
before October. Mid September at the latest. Possibly by end of
August. DOW down 25% by November. Nasdaq down by 40% by November. S&P
Down by 28% by November.
To market, to market all the well fed pigs. Have fun in the slaughter house! :-)
-------
Over on the Intel land, they just hate my guts. They think that I am just a noise maker. :-) Nostradamus doesn't read charts. He checks the
market pulse and just predicts!
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