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

To: Richard J. Byrd who wrote (7112)	10/24/1997 10:44:00 AM
From: Haim R. Branisteanu	Respond to of 94695

Buying stock after a severe drop (IBM from $180 to $45 for example) is a very wise move. The US was just getting out of recesion, Fed Funds were 3% and weekly unemployment claims over 450,000. It's a very different story now, after 7 years of recovery, consumer in heavy debt, see Sears report, and so on. I hope they will kick the habit and no bailout will be needed. In any case having 6.2% to 6.4% returns on Treasury 60% above inflation is not a bad think. I hope more will gravited to those instruments and not stocks. Happy trading Haim