Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (34061)	11/20/1998 1:04:00 PM
From: Lucretius	Read Replies (1) of 94695

i see this alot on this thread: that as long as there is cash in money mkts the assumption is that stocks will keep going higher until there is no cash around in MM accts. I do not believe this is correct. Put aside the fact, that the mkt bombs long before the gas tank shows empty. The Fed has made it quite clear that they will not allow anything close to that situation to take place. they are concerned w/ liquidity. They will print it like it is going out of style if necessary. No, IMO the drop will come as the dollar continues to fall. Bonds and stocks should sell off together in the next and most spectacular round of our emerging bear mkt. -Lucretius

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