Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (30581)	10/7/1998 9:15:00 AM
From: Philipp	Read Replies (1) of 94695

Greenspan talking the market down in rather unmistakable terms this time just at the first signs of a re-emergence of "irrational exuberance". I guess he is trying to make sure that this time he won't be misunderstood and that everybody knows where he thinks the market should be: several thousands points lower. The West Germans will be in Washington on this Friday. They and Clinton could scare some bears. Don't overestimate the German factor. Germany is likely to have an unstable, unreliable government with lax fiscal policy (according to remarks by Lafontaine, the new man in power [not the new chancellor]). Anyway, the German DAX seems to be in free fall again, continuing last week's path after a brief technical bounce: DAX 3000? Regards, Phil

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