Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Oeconomicus who wrote (24221)	8/13/1998 3:56:00 PM
From: Bonnie Bear	Read Replies (2) of 94695

The REAL downside of the market should be about the same as we had in 1993 (dow 3500?)- no global growth- low interest rates- US in recession. The banking sector will have to shrivel up- if we have a kahuna it will be the epicenter. Remember p/e of 2 at book value for banks? Remember intel with p/e of 6? Sounds like the Nikkei. The REITs, small utilities and russell are already there, they seem to be a leading indicator for the rest of the market. I have a hard time imagining things getting worse than that with such low interest rates.

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