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Strategies & Market Trends : Waiting for the big Kahuna
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To: PaperChase who wrote (20353)6/15/1998 8:14:00 AM
From: Tommaso  Read Replies (2) of 94695
 
I devoutly believe in the start of a crash and a protracted bear market.

But I would not be surprised to see the initial decline today turn around and recover. Too much new money is going into mutual funds.

Of course, we could always have a fund-manager's panic.

If they don't commit the new money, and if they try to raise their cash balances on average from something close to 4% up merely one percentage point, that could cause a large decline.

Utrumque paratus.
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