Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Defrocked who wrote (7422)	10/26/1997 7:30:00 AM
From: William H Huebl	Read Replies (1) of 94695

Hi Defrocked, Let's get the response out of the way first... "Question Your Assumptions When Unexpected Occurs... Recent stock market activity could be much more related to asset valuations rather than earnings discounting." A third idea might be that as Ibexx and I agree, the markets are desparately trying to discount a Fed move so that everyone who is expecting a discount rise crash will be fooled. Several years ago (it may be 10 - the mind is a terrrible thing to lose - DQ) after a strong sell-off in the markets, I was walking out of my broker's office with another investor and talking about the sell-off. Before we parted he said, "I have always found that 2 days and it's over!" The point of this message is to reinforce what you were saying about individual investor concern... I also am being approached by those at work who have big mutual fund holdings... you see - two days and it ISN'T over... and it may not stop this week. Now you can be in the camp with Joe Granville and let John Q tell you when to get out. The public is worried and we should be also. You can use TA and/or FA to tell you when to get out (but THIS time it's different, right?). Or you can do as I do and when things look bleak, buy puts in a weak stock in the hopes that if the market recovers the stock won't... been fairly successful at that. To me, the ONLY underpinnings of the stock market are the mutual fund holders who can turn to cash in a day's notice. After the NEXT crash, there will probably be a holding period for such rights. Regards and thanks for the great post, Bill

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