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Strategies & Market Trends : Waiting for the big Kahuna

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To: D & G who wrote (30938)10/8/1998 11:39:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
Don (if I remember right... my mind seems to go it's own way sometimes also... as you seem to be hinting about yours.)

My rationale for thinking the worst is yet to come is that all the supports are being taken out... VGY is a very good example and I saw the SP500 trading at 941 today... NOT a pretty sight.

Yes, I know there are a lot of indicators showing a bottom has been put in place. And I know that it LOOKS like the mutual fund flows have bottomed. And I know VIX went over 60 today! BUT WHERE IS THE FREAKIN PANIC??? Another hohum day in the markets... yeah it is getting volatile and yeah there are many advisors saying "... well heck, this is a bear market, what do you expect?"

But Mr Bought-the-market-for-retirement hasn't paniced yet even though he sees that retirement $$$ evaporate before his very eyes! I think we are going through the most dangerous times in history RIGHT NOW for the markets.

BWDIK?

Well, got to go to bed and dream of lemmings going over the cliff.

Bill
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