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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (19304)	5/28/1998 11:24:00 AM
From: Oeconomicus	Read Replies (2) of 94695

Vitas, not from a wave perspective (as I don't even know enough about it to be dangerous to myself), but more from an economic one, I think you are about a year and a half off in your choice of historical comparisons. Take a look at the run up to the spring of 1962. Low and stable interest rates, strong GNP growth, weak corporate earnings, and high valuations as the market ignored the weak earnings. Time is compressed in the current market (information age, you know), but so much is the same. Regards, Bob

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