Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Front Beach who wrote (30081)	10/3/1998 1:54:00 PM
From: Herring	Read Replies (1) of 94695

I tend to believe that the weakening of the dollar is going really hurt this stockmarket. The recent drops in european markets, as well as the long term drops in Japan and Asia has made many of those markets more attractive than US stocks. On a comparative basis US stocks are still expensive and with prospects of a weakening dollar it would make sense for foreigners to pull their maoney and put it into their own markets where stock prices are cheaper. I predict a silent selloff in the next few weeks. I do not think we will see a dramatic 500 point drop but rather smart money leaving the markets. Everybody knows that anything can happen in these markets, and it will very much depend on peoples sentiment regarding a good price vs a bad price. I still have to say that US stocks are expensive, and do not think the correction is over yet. We need to get used to this bear market and just pick the winners from the loosers! This will be more imortant than ever! Best regards, Herring

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next