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Strategies & Market Trends : Waiting for the big Kahuna

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To: ratan lal who wrote (17299)4/25/1998 4:49:00 PM
From: paulmcg0  Read Replies (4) of 94695
 
The Magic 8-Ball, when questioned, responded "Reply Hazy"...

It seems like there are efforts to get people to expect a crash -- that prediction from an odd New Age free newspaper I mentioned, advice from a couple of large brokers including J.P. Morgan to cut back on stock holdings, even an article a couple of months ago in "Rolling Stone" (a rock and roll magazine).

Personally, for economic reasons, I'm expecting a market collapse here, maybe this year, but 1999 at the latest. I've taken all the precautions I can over the last year or so -- paid all my debts off, put my money into cash (including money market funds), and held off making large purchases such as a new car or buying a house.

So, bring on the crash! Let's get this over with already!

Paul M.
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