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

To: Elllk who wrote (9422)	11/9/1997 7:48:00 PM
From: Don Pueblo	Read Replies (4) \| Respond to of 94695

OK, I give. No more analogy corrections. So, what do you think about the market Monday? It's 2 strikes, 3 balls, and the bases are loaded... is it down for the count? Who is holding all the aces? Who is in the driver's seat? Do we have both oars in the water? Are we going for the homestretch? Just wondering... TLC

To: Elllk who wrote (9422)	11/9/1997 8:01:00 PM
From: Brad Bolen	Read Replies (1) \| Respond to of 94695

As for the post that we bears may not know as much as the Fed govs... Yeah, we all should be ashamed to think the government would ever makes mistakes. Analysts (optimistic) on Wallstreet Week admitted that the market is priced at the high end of 98 (that's ninety eight) earnings (historically speaking). Also, one analyst mentioned that they were 89 % invested in equities in a portfolio who's goal is capital preservation. I can only imagine the high risk portfolios. This means that 1) there is no room for downgrades of earnings and 2) there is plenty of stock to sell with little cash to buy. I also suspect that many smaller investors were spent following that 'heroic' Tuesday bounce of 350 points. Several of the ones I know personally were. As for the poo poo of the deflation scenario: many already know about oversupply problems in Asia etc. It will take a while for it to work its way here, if it does at all. But to totally dismiss the possiblity of deflation is to poo poo many greater a thinker than I (can you believe it?) or probably even those infallibles at the Fed. (9395 ) >>>>> From: +IQBAL LATIF Sunday, Nov 9 1997 3:30PM EST Reply #9397 of 9422 With so much of pessimism around my watch tells me to go for the kill- I love voltality and I know that either this whole two year run is not a mirage you guys even try to look at an innocent explosion in Wall Street area as a conspiracy when rationalisation goes to such an alarmingly low reasoning my indicators tell me that market is ripe for a rebound.. >>>From: +IQBAL LATIF With so much of pessimism around my watch tells >>>>me to go for the kill