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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor-ex! who wrote (8712)10/31/1997 2:36:00 AM
From: Bonnie Bear  Read Replies (1) of 94695
 
investor-ex, here's the Greenspan model of stockmarket overvaluation, and correction process. Note that this does not include exogenous factors such as bank collapse, iraq, inflation of import prices.
The derivatives hedging on the S&P has been used at least since summer, it became pretty obvious to me the week before Labor Day when there were NO BUYERS and yet the S&P kept the same price to 0.01% which is statistically impossible to do day after day. So I don't know all of the rules but will continue to stay short at least until we are within the Greenspan model. It is generous of them to give people this much warning and time to anticipate the market correction ahead.
(Even Charles Schwab has a notice on his website about market changes.)

Greenspan model:
yardeni.com

The most optimistic projection possible with this model gives another 15% correction ahead of us.
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