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

To: Oeconomicus who wrote (24221)	8/13/1998 3:45:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

R.D.; Roger on the stop still in. Well I don't see the garden veriety , "if" we go much beyond what most folks are use to. I just see the ball picking up speed beyond 15% correction, We Mo Mo up, and can Mo Mo down, but I see a very strong support at 8000-8200 way before we ever get to 7000.., it's just IF we were to go that far..the monentum will have us by the short hairs. I don't really see it happening, what In think would be more likely is a very hard bounce off the 8000-8200 level, if we get there. Jim

To: Oeconomicus who wrote (24221)	8/13/1998 3:56:00 PM
From: Bonnie Bear	Read Replies (2) \| Respond to of 94695

The REAL downside of the market should be about the same as we had in 1993 (dow 3500?)- no global growth- low interest rates- US in recession. The banking sector will have to shrivel up- if we have a kahuna it will be the epicenter. Remember p/e of 2 at book value for banks? Remember intel with p/e of 6? Sounds like the Nikkei. The REITs, small utilities and russell are already there, they seem to be a leading indicator for the rest of the market. I have a hard time imagining things getting worse than that with such low interest rates.