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Strategies & Market Trends : Waiting for the big Kahuna
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To: bearshark who wrote (11352)12/11/1997 8:25:00 PM
From: Defrocked  Read Replies (2) of 94695
 
RE: "This is make it or break it time."

IMHO this resolution of economic uncertainty is
going to take months and a downward bias
of 10 to 20% now coexists with an upward potential
of only 5 to 10% at best. Early rallies will be
premature as they run into more earnings warnings
and the uncertainty surrounding the Feb. auction.
Today's commodity trading, especially in grains,
gold, Japanese yen and the flattening yield curve
all suggest traders are upgrading the potential of
a recession or slowdown and lower equity prices. BWDIK.
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