Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: thebeach who wrote (30744)	10/8/1998 4:48:00 AM
From: Philipp	Read Replies (1) of 94695

Hi Beach: Just before the crash not one person I knew was even thinking of a crash,they were basking in the sunshine of making lots of money. Lots of people I knew were thinking of a crash in summer 1987 and went 100 % cash (I did). But the media including the internet give crash talk much more prominence these days. Moreover, the situation today cannot really be compared to 1987. The situation is far gloomier. The stock market (U.S., Europe has already corrected 2/3) is far more overvalued, and we are in the middle of a world economic crisis with the prospect of a world recession (the world economic climate was much more benign in 1987). The situation is probably much more similar to 1929. Regards, Phil

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