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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (54580)	8/3/1999 8:39:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Luc, if indeed a crash lies ahead, it may well follow the '87 and '29 precedents in the way it unfolds, which would mean an intermediate low sometime later this month, followed by a suckers' rally (last opportunity to go short) that fails to reach the highs, followed by a rapid collapse culminating in a panic low 55 days after the record high. why should it follow these precedents? mainly because collapses have a tendency to trace out similar patterns, why they would do that i have no idea. of course we might get lucky and everything collapses come tomorrow... except it won't of course... BK=myth, stocks deserve no risk premium and only ever go up, short gold, did i forget something?