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.

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

To: re3 who wrote (74976)	11/11/1999 5:30:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

ike, if you haven't seen Japan in '89, here's your chance for watching a replay on a grander scale....

To: re3 who wrote (74976)	11/11/1999 5:45:00 PM
From: Ken98	Read Replies (1) \| Respond to of 86076

Ike, my baffled, kneeling brethren. <g> Take a look at charts for some of the high-tech darlings of the fall of 1987 (Apple, Soft, Intel) and compare them to the chart of the DJI for the same period. What you will see is a similar divergence to what exists today - the tech stocks were up 50+% in a matter of weeks (sort of a pinnacle of greed) and the rest of the market was flat at best. I have never been one for calling for a crash or matching up charts to predict future events but the similar divergence is eerie and cannot be ignored. The next thing that occurred in 87 was a key reversal day which set in motion a chain of events. I am not saying that this is what will happen now by any means but, if it were to EVER occur, events are lining up in that direction and NO ONE expects it (except Luc). The thing that would change this for the positive would be for the broader averages to catch up and the Dung to go sideways for a while. However, the HORRIBLE breadth today makes this look rather unlikely. This market is a tinder-box waiting for a spark. Sorry for the rambling post, I am just as baffled as you are. Regards, Ken.