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

To: bearshark who wrote (17439)	4/27/1998 6:47:00 PM
From: Tommaso	Read Replies (3) \| Respond to of 94695

Lots of people who think that there will be a bear market do not see that as any reason to get out. But eighteen months of decline, which could begin with nothing more than a reduction of new money going into the market, would change perspectives and lead to selling as the belief developed that stocks could be repurchsed at yet lower levels. At least this is what happened in 1974. Also, tax-loss selling for recent entrants becomes a factor, as we all know. Just as a reluctance to realize capital gains and pay taxes holds markets up at the peaks. One addendum to former comments on wave analysis. The liberalizing slogan in China was "let a thousand flowers bloom." A slogan with regard to market theory might be, "Let a thousand cuckoos sing!"