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Strategies & Market Trends : Waiting for the big Kahuna
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To: Daniel Ray who wrote (21420)7/10/1998 1:48:00 PM
From: BILL G. WRIGHT  Read Replies (1) of 94695
 
I believe you are correct. The more traders/investors expect an event to happen, the less likely that event is likely to happen. I would not expect a major collapse of the stock market this year. Some correction yes, which would be good for the market, but don't expect a major down-turn. Our economy is just to sound right now, coupled with low interest rates, good employment, no war, etc. for such a major down-turn.
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