Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Don Pueblo who wrote (1070)	3/3/1999 11:03:00 PM
From: charger	Read Replies (1) of 3543

I thought we would finally close below support today but "they" rallied the market back from the brink at the close. Pissed me off something fierce as I was short the OEX in a big way...looking for another fakeout to the upside tomorrow before the big kahuna hits. What do think, another attempt to take out the high soon or are we due for some pain? Lower earnings + higher rates + overvaluation = disaster for equities in my book and the market is living on borrowed time. Every time the futures/buy programs rally the market from near death it provides another stealth opportunity for big money to get out the back door unnoticed IMO. Same thing happened this summer. Regards

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