Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Paul Shread who wrote (33930)	11/18/1998 12:06:00 PM
From: Enigma	Read Replies (2) of 94695

Paul This, 8550, has all the validity of a number pulled from a hat! I think the danger (as someone else seems to have pointed out) - with 'three cuts and you're UP' - sorry couldn't resist that one - is that you have cuts made - or at least the most recent one - near the absolute all time high - in conditions which resemble a bubble in many sectors. The cuts are made because of lurking problems in the credit system and the need to keep this momentum (in financial assets) going. You'd have to look at the conditions prevailing in those previous times - but I think there is great danger in taking comfort from the 3 cuts as you seem to do. You could argue that the cuts only point to the danger in the financial system and that the third cut was not wanted or needed but the Fed acted because of fear of what would happen if they didn't (cut) E

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