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


To: James F. Hopkins who wrote (24817)8/21/1998 3:50:00 PM
From: yard_man  Read Replies (1) | Respond to of 94695
 
Ouch -- take it easy with that will ya?



To: James F. Hopkins who wrote (24817)8/21/1998 3:51:00 PM
From: yard_man  Respond to of 94695
 
Should have bought for the bounce in Brazil -- now that's what I call a bounce!



To: James F. Hopkins who wrote (24817)8/21/1998 4:08:00 PM
From: P.T.Burnem  Read Replies (2) | Respond to of 94695
 
Don't get too excited because:

chances are, this is a bear market, and the worst is yet to come;

today is an options expiration day, so the picture is somewhat skewed;

the market is just beginning to discount potential consequences of a protracted impeachment battle in Congress, such as political and currency turmoil around the world (i.e. "a war against terrorism");

September is an "earnings warnings" month.

That said, I expect the Dow to rally to the 8,700-8,800 area between now and the Labor day.

PTB