Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: HairBall who wrote (32532)	10/27/1998 2:38:00 PM
From: Chip McVickar	Read Replies (2) of 94695

LG A lot of what he said is already known and is in the media. But he has put it altogether in a "crash mentality" that may underline his resoning. Make one good call and your name is in lights.... Comments Like "No money. No Buyers"....."lenders want their money back"...."bond traders nolonger have faith or credit of anybody"...."big players will either liquidate at lower prices or default"...."ceased to function"....bond traders looking for there last dinner in a month. He gives it a month before trouble, but also believes Greenspan will cut rates again shortly. What we have to watch for is not 'just' the market upside, but also what if....the credit freeze continues in the face of lowered interest rates. Until this happens I am not worried about crashing stock markets. What do you think? Chip

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