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

To: bobby beara who wrote (16822)	4/18/1998 3:26:00 PM
From: Death Sphincter	Read Replies (2) \| Respond to of 94695

i don't know of a calender just for S&P...but next week is very heavy...i wouldn't be at all surprised to see some pull back tomorrow...but i'm not doing anything with OEX or SPX tomorrow morning unless Globex shows some big tank action. this quarter is not going to be awful but it is not like many previous where it APPEARS that more than 1\2 of the companies reporting are beating the estimates by 3-5-10 cents or more...i see a lot of in-line or 1-2 cents better...very few blow-outs. i think the true BK will not occur until something happens to the dollar, or inflation, or Fed..or the wildcard mystery event...but i just can't imagine that a serious correction is not right around the corner...something in the 8-15% range. but then we all know what Bill says, BWDIK carl

To: bobby beara who wrote (16822)	4/18/1998 3:57:00 PM
From: gregor	Read Replies (1) \| Respond to of 94695

bobby: Julius Westhimmer was on WSW last night and was suggesting that the market looked very similar to 1962 when the market sold off 30 % from May to Oct. Inflation and I rates were very benign during that period also. And he noted that other than Kennedy clamping down on the steel " monopolies" at the time there were no other apparent reasons. I remember my dad just raising 'heck' at Kennedy at the time, although he was a campaign manager for Democratic Congressman Jim Key, by saying Jack Kennedy took the whole market down singlehandedly. Even as a teenager I thought 'how ridiculous'. That aside I look for a correction that will carry on several months, 3 to 9, to begin this spring. Those ole "coots" i. e. Westhimmer and the like, can be eerily accurate ....gregor BTW he also recommended an overweighting in gold.