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Strategies & Market Trends : Waiting for the big Kahuna
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To: Bonnie Bear who wrote (24452)8/17/1998 12:35:00 AM
From: kahunabear  Read Replies (1) of 94695
 
BB,

I remember how overpriced I thought the S&P was when it crossed over 900 a little over a year ago. The fundamentals seem much worse today, yet it is at 1062. It could fall a lot further than that. Here is just the last 2 years rise:

quote.yahoo.com^SPX&d=2y

I know its nothing new, but it just amazes me how far and fast this market has come. Yet most folks seem to think an Asian type fall is impossible. If they start thinking it is possible, watch out below.

WS
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