Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (22600)	7/28/1998 9:40:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

Donald; I'm inclined to agree with you, or very close to it. After looking a little harder at the Small Cap scene and scratching my head at the better values there vs the large caps yet seeing how they still go down almost day after day it does make me wonder. I have a few other things I want to check before I cut lose, till then I will hang long if we don't close below 1120 first. I set that as my stop loss signal when I went in and I won't change it with out I actually understand the reasons for me going long have changed. The reasons are getting close as that interest rate is going up, I already said 5.75 was all this market could handle , on the 30yr rate and felt that was pushing it. I'm not convinced the small caps have bottomed, in fact I'm most sure they have not, but I'm still convinced they will make a run up before this market sells off very bad. It would be very unusual if they don't. But interest rates & or GreenSpan with his wage inflation spin to jack up rates could sure inject some poison before they make the run. Jim

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