Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bobby beara who wrote (23444)	8/6/1998 9:44:00 AM
From: Moominoid	Read Replies (1) \| Respond to of 94695

Hang Seng broke to new lows. Read the title of this thread. The Waiting is OVER! Also selling pressure on the HK dollar. It's still not clear that there will be a "Big Kahuna" (in the US market) if that means a crash. A a slow bear market of varying degrees of severity is just as possible from now on. In 1929 the initial selloff was 15% in four weeks. In 87 7% in the same period. This time 10% in two weeks. The speed gives me the suspicion that a large one day crash (eg. 1500 Dow points) isn't coming up. But it could be... David

To: bobby beara who wrote (23444)	8/6/1998 9:56:00 AM
From: Philipp	Respond to of 94695

BB: <Hang Seng broke to new lows. The Waiting is OVER!> I don't think the Hang Seng is so relevant for the Dow at the moment (unlike last year). What is very relevant, and this may be what you implied, is the threat of a Chinese devaluation that is behind the fall. Problem: Do we really know what the Chinese are up to? Their actions often don't comply with Western logic. The Western media certainly have no clue. There was talk that Clinton struck a deal with China. But all of this is just based on hearsay and rumor. Any thoughts? Any bets of what event will trigger the crash of 1998? 1. China devaluing 2. Nikkei crashing below 14000 (or by 10%) 3. Monica 4. Interest rate rise or tomorrow's employment report 5. War with Iraq 6. Russian economy collapsing 7. Aliens landing on Earth or none-of-the-above. My order at the moment: 1/2/7. Cheers, Phil P.S.: This morning's buy-the-dip rally was pretty short-lived.