Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: SkyDart who wrote (26322)	9/3/1998 7:26:00 AM
From: Tommaso	Read Replies (1) of 94695

I have not read Zweig's book, but you have summarized most convincingly what sounds like its most important points. The yield curve is almost flat, and some early maturities were higher than the 30-year bond. That makes it a half "naughty boy" already. Looks like there's enough there, with deflation in commodities and manufactured goods, to say that we have a two "bad boy" count, or a 50% decline. It could easily get worse. I am pessimistic enough to be borrowing the maximum cash value from my life insurance and putting it in the bank for the time being, though that means in effect renting my own money at about 2% a year. At least it will be there for reinvestment. I already have enough in short positions (including SPY) and in BEARX to do well in a declining market, and having an insured cushion in plain cash makes me feel comfortable. I had some trouble borrowing from the same policy in the 1970s. I sure wish Wall Street Week would put Marty Zweig on. Have they ever had Tice on it? At least CNBC does that. Thanks for the very informative and thorough post.

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