Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: IQBAL LATIF who wrote (9962)	11/18/1997 11:30:00 AM
From: Cynic 2005	Read Replies (1) of 94695

Ike, you may very well be right. The market could shrug-off all the pessimism and head to new highs. That is because of the greed factor among the masses and the money to go with it. IT IS NOT BECAUSE OF THE FUNDAMENTALS. Period. By any fundamental measure this market was overvalued and I hope we don't need to go over that again. Now, you make good "technical" case for the markets to head higher. Unlike the dips of July 96 and March 97, we have a real earnings slow-down now. (KO, G, INTC, MOT and many more.) Back then we have had booming world markets, all of which cmae crashing down. If one looks beyond a bounce due to "COMDEX" or Dell beating earnings expectations for the last quarter, there is not a single case for buying stocks here. My two cents. -Mohan

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