Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (37159)	2/5/1999 7:11:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 94695

James, the rotation in the stock market is typical of an end to the bull market IMHO. They buy the cyclicals not because we are getting out of recession but because of full employment. This is the wrong reason to buy stocks. On the other hand there is so much money in MM funds that they can turn the market on a dime. Next week treasury auction may be the trigger for a reversal. Interest rates are just to high relative to actual inflation. BWDIK Haim

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