Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: flickerful who wrote (28419)	9/20/1998 10:41:00 AM
From: robnhood	Read Replies (1) of 94695

Yes flickerful,, there certainly is no shortage of doom and gloom around... Still, our bank stocks (CDN.)tanked a couple of days ago when one announced that they were taking an 80 million $ hit for corporate bond losses. This tells me that the market is ignoring the gloom and doom until it hits them on the head with a 2by 4. There has certainly been no shortage of rumours and outright admissions to trading losses yet the market reacts violently when a new one fesses up... russell

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