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

To: yard_man who wrote (18487)	5/14/1998 2:35:00 PM
From: James F. Hopkins	Respond to of 94695

To All; disdamm maket hungup & cwazy, one day it get betta nex day it get wose, golbex don't mean nuttun no moe..bettin on dis maket is like twip down fantasy lane. Cumputa pogam buy den sell and make all de money. jim

To: yard_man who wrote (18487)	5/14/1998 2:38:00 PM
From: Arik T.G.	Read Replies (1) \| Respond to of 94695

tippet, >>You are making me a little worried, Arik. I've concluded that what you say about a significant decline in the US market is inevitable. Worried is IMO a suitable state of mind when everything looks rosy. You're mostly in cash, and cash is king during depression. >>Do you think it is possible that some of the other markets can escape without significant downturns also? Better safe than sorry, once the Dow drops under 200 DMA (and corrects a few hundred points up) better stay 100% cash. Precious metals could be a good bet, also long bonds after the first shockwave has subsided. >>Won't the collapse of the US market necessarily weaken the US currency significantly with respect to other currencies and won't that provide a cushion for those owning markets that have already had their own BKs? That's a very good question. I don't know. Anyway, the only stock market looking like bottoming is Thailand. USD weakening against Euro and SF is quite possible, but as long as you buy things in Dollars that shouldn't worry you. Depression will mean deflation, and you will get much more bang for your buck, esp. in auctions. ATG