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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (15535)4/7/1998 3:50:00 PM
From: RealMuLan  Read Replies (2) of 94695
 
David:
Your prediction seems quite similar to this one from Roger's 1998 Short Picks thread:

To: +Roger A. Babb (6435 )
From: +Kip518 Tuesday, Apr 7 1998 7:32AM ET
Reply # of 6467

Roger, Marc Faber (Hong Kong) was a guest analyst on CNBC Asia this morning. After speaking about big trouble ahead in Hong Kong market & (of course) Japan, he was asked about his outlook for the U.S. market. He answered "it is dead within 6 months." He expects a 50% collapse. Implication -- don't buy the dips.

Kip

(P.S. when asked what will cause or contribute to the break in the U.S. market Faber answered, we will be surprised but it will be the rise of the Yen).
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