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


To: William H Huebl who wrote (20459)6/15/1998 10:07:00 PM
From: bobby beara  Read Replies (2) | Respond to of 94695
 
Bill, the indexes are being held up by very few issues while the broader market is being distributed like crazy. The big money is in the distribution mode. The indexes are making the market look OK, and the big money is bailing since mid April.

The only thing holding this market up is the inflows into index funds and foreign money. DUMB MONEY. The smart money is heading for the exits. The Daq and Rut are leaking like a siv.

The Hang Seng is going to 5000 and we are in for a new round of currency devals, just look at the Hang Seng chart, no supports, all of the stupid loans made in the bubble are going to make to goldilocks bubble very depressing.

bwdik,
bb