Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (43273)	8/30/1999 7:33:00 AM
From: Lucretius	Respond to of 94695

nah, should be over in Sept, but this thread has to be long first -g-

To: GROUND ZERO™ who wrote (43273)	8/30/1999 7:43:00 AM
From: Paxb2u	Read Replies (1) \| Respond to of 94695

Wow, GZ, when you say that, I sit up and listen. I have a tendency to agree with you. The complexity of a lot of fundamental things coming together at the same time ($,Y2K, higher interest rates, India/Pakistan, China/Tiawan, China (possible)devaluation, US debtor status(internally and externally), gold lease rates etc.)However, you have been so accurate with your calls I have to put you at the top of the list. Thanks for sharing that info, Peter :o)

To: GROUND ZERO™ who wrote (43273)	8/30/1999 8:23:00 AM
From: jjs_ynot	Respond to of 94695

GZ, We should know in short order whether this downturn is a technical selloff or something more substantial. The action over the next week to week and a half should tell the story IMO. Dave

To: GROUND ZERO™ who wrote (43273)	8/30/1999 4:55:00 PM
From: Gary105	Read Replies (1) \| Respond to of 94695

Market still very overvalued. Virtually zero insider buying of nifty fifty - some insider buying of smaller caps but even that is drying up. No wall of worry to climb as most analysts still recommend buying the dips. Chart reminiscent of '87 - drop in summer then August bounce while A/D line looks terrible, then drop below 200 d MA, then crash. Consumers keep spending and Asia pickup is only beginning. Media focuses on next fed move - the purpose of these moves is to slow market and to slow US economy - until we see evidence of this, the possibility of several rate hikes is possible - ie we may see inverted yield curve - but to get there will require several additional fed moves. I expect that the market which has been flaunting the fed is in early stages of capitulation.