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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 (48344)9/5/2000 8:43:18 AM
From: robert b furman  Read Replies (1) | Respond to of 94695
 
Hi Bill,
Looks like your market top lasting till monday at the LATEST was a right on call.

I'd be surprised to see rates drop this soon.I'm expecting some negative earnings pre-announcements to muddy the water for the next 30-35 days.Don't know who but if it's a big techie giant it could give us a good bottom in the third/fourth quarter that gives us a nice run for 2001(as rates actually do decline slightly).

I'm still in 80% cash and waiting for a vix spike up to confirm a major bottom.This is a very fine tuned economy that really seems to have strong growth trends - there just seems to be a lot of noise out there - some times louder than other times. BWDIK

The complacency that results in the low vix of late is a historical set up for substantial spike up.JMHO I think it will be earnings pre-annonuncements that will do it.
Bob