Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: kahunabear who wrote (3738)	8/7/1997 2:18:00 PM
From: Tommaso	of 94695

I am not about to abandon my bearishness. I just got back from the barber shop, and the barber who cut me (a gentleman who is delivers his opinions on things with the conviction that they are being attended to) was standing outside talking to a lady who was maybe 55-60 years old. He announced to me after a while, "I was talking to that lady outside. She just lost her husband and she lives in that big house around the corner. She said she was planning to sell the house and pay cash for a smaller place. I told her, 'Don't you pay cash! Get a mortgage! You can take that money and get 18 percent on it.'" I asked him if he meant putting it in the stock market. "Mutual fund. I got a mutual fund pays me 20 percent." The lady was long gone at that point and I didn't want to argue with a bullish barber. But that's exactly the same kind of anecdotal evidence that we find in the accounts of the months preceding the 1929 crash. I admit that what has happened to a lot us is similar to what happened to a fraternity brother of mine who enjoyed Hemingway too much and got run over by the bulls at Pamplona (he survived, with a footprint on his chest).

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