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

To: GROUND ZERO™ who wrote (9707)	11/14/1997 5:39:00 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

If we go above 7800 on DOW, I will agree. Otherwise, it's just whipsaw. I'll probably buy treasuries if they sell off once the stocks rise. Between 7,000 and 7,800, I think bears or bulls can't claim victory. Current price/book and price/sales are insane. This does not prohibit stocks from going higher. But we are still within the bear channel, which started in August. The top is around 7,800. If we decisively break it, this mania will continue. I have hard time to believe that earnings will be good next quarter, though. -Vi

To: GROUND ZERO™ who wrote (9707)	11/14/1997 6:23:00 PM
From: Bilow	Read Replies (2) \| Respond to of 94695

Hi GZ; I am hoping for a continuing bull market in equities for next year, but I am preparing for the bear, as I think it is more likely now than at any time recently. I'm very comfortable with the life I have now, and I have not the slightest desire to see it inconvenienced by economic problems. I really don't think we'll have any major declines until corporate profits start to show signs of weakening. I'm pretty sure this will happen some time during the next 12 months, though. This will happen in the face of falling interest rates, so it will come as somewhat of a surprise to investors who are still fighting the last war - inflation. -- Carl