Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (16822)	4/18/1998 3:57:00 PM
From: gregor	Read Replies (1) of 94695

bobby: Julius Westhimmer was on WSW last night and was suggesting that the market looked very similar to 1962 when the market sold off 30 % from May to Oct. Inflation and I rates were very benign during that period also. And he noted that other than Kennedy clamping down on the steel " monopolies" at the time there were no other apparent reasons. I remember my dad just raising 'heck' at Kennedy at the time, although he was a campaign manager for Democratic Congressman Jim Key, by saying Jack Kennedy took the whole market down singlehandedly. Even as a teenager I thought 'how ridiculous'. That aside I look for a correction that will carry on several months, 3 to 9, to begin this spring. Those ole "coots" i. e. Westhimmer and the like, can be eerily accurate ....gregor BTW he also recommended an overweighting in gold.

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