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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joseph G. who wrote (26673)9/6/1998 7:34:00 PM
From: bobby beara  Read Replies (3) of 94695
 
Here is a quote for you Joe, from the LA Times article on the Citi-Travelers merger shortly after Greater fools day 1998.

"This is the greatest assembly of financial services under one roof since the great depression"

Check out WCOM, bounced off 40 support this week when it breaks that support, nothing holding it up until 28.

I was watching the Cardinal game and the announcer stole my home run mania comparison and noted that the Babe hit his in 27' and the market crashed in 29', the camera then panned to the DJI on the scoreboard - YEP it's a Bonifide Mania, if you have the DJI stats mixed in with Runs, Hits and ERRORS -gggggggg-.

He didn't mention that Maris hit his shortly before the end of the bull run of the 50's and early 60's.

According to the the tried and true home run indicator, the real bear market will happen in two years.

beara sezs deja vu all ova again -g-
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