Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (19868)	6/6/1998 12:26:00 AM
From: Bonnie Bear	Read Replies (1) of 94695

Jim: thanks for the interesting read. As I was reading it I just kept thinking of investors like ocean travelers; they are somehow convinced that huge ships must be safer in a storm and will pay a fortune to ride on the biggest ship that sails. If it is huge, no ropes are needed, no wave could ever sink the ship. So like lemmings they all board the Titanic for its safety... and the rest is history. Could the increase in British yield be a crack in the hull? Somehow I recall reading that one of the past bear markets was triggered by an increase in European interest rates and the resulting domino effect.

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