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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (24077)8/12/1998 5:42:00 PM
From: yard_man  Read Replies (2) of 94695
 
Bankruptcies are up
Transports well through 200 dma
Banking index teetering on 200 dma
Bull market is old by any measure
Earnings are deteriorating
Low interest rates didn't keep Japan from crashing
Largest public participation in stocks for many years
Consumption outstripping increases in income by good margin last 2Qs
Lowest savings rate in the industrialized world
Heavy foreign participation keeping market afloat
Stocks typically lead economic conditions

Some of the items you've mentioned Oil prices, interest rates etc. are only in place because other markets have crashed.

How bout this one: Every other equity market is in trouble save US and some in Europe.

Never mind we are an island now -- invincible.

Jim, we may rally and maybe even back to 8900 or so on the DOW, but to think it's going to 10,000 now is a pipe dream. There's a reason some of that money has went to money markets. Some of it ain't coming back out of there to stocks.
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