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

To: William H Huebl who wrote (43426)	9/11/1999 7:08:00 PM
From: wanmore	Read Replies (1) \| Respond to of 94695

I am starting to wonder not WHEN it will end but IF it will end. I have been bearish on the DOW(this time) since about Jan. when it seemed to me we had a weak new high that did not follow through....whoops, mistake #1. The NASDAQ looked nasty fundamentally for quite a while but Aprils' new high was not taken out by the high in May and the one in April didn't look that strong to me anyhow, so...whoops, mistake #2. Now, here we are with another weak looking (to me anyhow) new high on the NASDAQ, on the DOW (August), and the S&P failing to even take out its July highs....I'm short. Not that I think it was the correct decision anymore, but it is done. I don't think we can fight this thing anymore...although I do remember saying this to some friends around the middle of July last year. LOL Good luck to all ...short and long...we will all prosper in our own time.

To: William H Huebl who wrote (43426)	9/12/1999 2:56:00 AM
From: paulmcg0	Read Replies (2) \| Respond to of 94695

"WHEN WILL IT END?" I wish I had a way to pop this market bubble, but I don't. I'd like to see the inevitable crash occur already so that this gambling mania with the stock markets would end in America. Last weekend, I discussed how the market was grossly overpriced with a person who is a financial advisor and who gives classes on investing. I could not convince this person that this was a bubble ready to pop, based on historical P/E ratios and other factors. I even mentioned how the prices of stocks were a "social construct" (see the writings of philosopher John Searle) and not a "hard" scientific property, like the law of gravitation, but instead, were based on what people were willing to pay at this time without any guarantees that the price would be this high in the future. This person said that as long as people stayed in stocks, there wouldn't be a problem. Ignorance is bliss!