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


To: BubbaFred who wrote (25621)8/29/1998 9:38:00 PM
From: Investor-ex!  Respond to of 94695
 
Hi BubbaFred,

Wall Street Week's panel consensus is still bullish +3. Four weeks ago, Ralph Accampora switched from bullish to bearish, in one jump, to join with everlasting Mama Bear. Has Ralph gone off his rockers, or is he the contrary indicator?

Normally, I get stomach pains when watching WSW, but have forced myself lately just to see what "advice" they are dispensing.

I just recently noticed a pattern in that LLR seats his panel of minions according to their market bias:

The most bullish sits right next to Lou, at his immediate right. A somewhat lesser (or at most equally) bullish panelist is seated next, and the bears are always at the far end of the table -- you know, where they usually plop down Jim Grant! :o)

Maybe, when the bears are sitting closer to Lou than the bulls, if ever, it might make for a good buying opportunity...