Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Brad Bolen who wrote (12040)	12/21/1997 3:02:00 PM
From: GROUND ZERO™	Read Replies (2) of 94695

Hi Brad, I agree completely. As I see it, either the markets will eventually violate the October lows or we're moving higher. A trading range in this vicinity won't last forever. I agree that quickly falling rate are not constructive. I don't see that happening yet, or at all. If that were to happen, it might have begun by now. It seems that these markets like to overreact in both directions. Your suggestion that earnings may not be so bad in '98 seems plausable and is an interesting notion. I get the feeling that the worst news may not yet be out, but is already in the market. Also, earnings may have very well been revised downward more than necessary and it could be back to business as usual in a few months. Meanwhile, this market is really shaking off bad news in a remarkable way. I don't want to see myself as a contrarian or otherwise. I'm just reading the chart as it appears to me. BWDIK GZ

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