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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Hiram Walker who wrote (162)	5/5/1998 6:21:00 PM
From: Michael Collings	Read Replies (3) \| Respond to of 3339

For those that think the bubble needs higher rates to cause a pinprick, thought you should know that bull markets end with higher rates. Bubbles end due to exhaustion. I've been out of the market for several weeks and have no intention of returning. I've heard one too many crash predictors saying the market first goes to 9450, 9500, 9700, 9800, 10,000 first then collapses. For some reason they seem to think the market HAS to blowoff before we see a big move down. Go back and look at Japan in late 89. No big blowoff occurred, just the market couldn't get any higher and reversed. Actually it looked a lot like our market in the last few weeks. Don't get caught in some scenario that has to happen to trigger the big drop. 87 didn't have any big event or blow off top either. You could find yourself riding the market down a long way waiting for the big turnaround blow off and find it never was going to happen. Pick your point and just exit.