Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Arik T.G. who wrote (9473)	11/10/1997 10:45:00 AM
From: studdog	of 94695

Iqbal, You have always been a source of comfort to me back in the days (last month) when I was a bull. I really appreciate your positive outlook for the world. But I'll tell you, if our market gets much more overvalued in the face of falling profits (tell me how that can't happen) then we are setting ourselves up for a major fall. I see it more and more like Greenspan, a true correction (we have not had one) would be "salutatory", or whatever he said. The DOW being down 10% does not count. The S&P is the real market and is only down 5% from its highs. If the market pulled back to 850 or so we would truly be set up for a longer term expansion. if we go up anther 5 -10 % our fall will be much more painful and dislocating. Karl

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