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

To: Zog who wrote (45119)	12/19/1999 1:29:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Zog, Go back and read the part in RED on my website... better yet, read it below... and tell me whether you think this is bearish??? <A word of caution... we are still convinced this is a very dangerous market from the market internals as well as ratio to bonds. Call-put open interest levels are still at historic highs, indicating rampant investment speculation and the LNHNL 2 day average is over 60. This mean there are mega amounts of divergence between what is going up and what is coming down, speculation is increasing by leaps and bounds and lastly, the bond market, dull as it may seem, is certainly in the competition for returns with SCY at record lows (.79 this week). Oh yes, and OI equity call to index put levels over 25 for months - around 33 right now. There ALWAYS exists a remote chance of a stock market crash... especially with rates rising and the market levels being categorized by some as a "bubble." Abrupt correction is still a strong possibility.> mynvo.com What I tried to do is say that sure, all the indicators and Barron's based items seemed very bullish... but as a cautionary, look out for the current situation for what it REALLY is right now! Should the bond market couple again to stocks and the markets drop, we could have a self-perpetuating feeding frenzy as money flies to safety and bond interest gets better and better as the fall in equities throws more and more money down the tubes. Can it/will it happen? Stay tuned! Bill