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

To: HairBall who wrote (22379)	7/26/1998 7:11:00 PM
From: yard_man	Respond to of 94695

remember the first "irrational exhuberence" speech -- instantaneous result. Now supposedly it is a week long response. I just think it is downright silly to attribute the markets move last week just to Greenspan. I do find the idea for individual stocks of a "slow absorption" of information to be relevant. Many times there are initial warnings that something is not right, there is anecdotal confirmation, then undeniable confirmation. I think the PC sector is in between anecdotal confirmation and undeniable confirmation (as far as the general market is concerned -- IMO it is clear that there is undeniable trouble there, now).