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


To: Tom M who wrote (16749)4/17/1998 12:34:00 PM
From: Barbara Barry  Respond to of 94695
 
Tom,
Well I guess you have to get to 5% before 10%.<VBG>These buys are definately playing it safe.It doesn't take a rocket scientist to know that the market will pull back.THEY would only impress me if they were specific as to what,when and why.IMHO...because of the dipsters and lacking any major outside issues,we won't correct that much right now.Most people are afraid of not being in the market...they don't call their brokers and say " my stock just broke its 30 and 50 day moving average...sell!" :)They turn to the media and friends and listen to all the good stuff they want to here.Personally, I believe we are over 10% overvalued,but that won't pay the bills.
Regards,
Barbara