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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: John J H Kim who wrote (101)8/31/1998 11:26:00 AM
From: James Strauss  Respond to of 43080
 
The Market...

John:

I agree that even the Blue Chips are getting cheaper... This is just the beginning of the slide in the big caps... There will be heavy shorting and puts and margin calls... We could see these once market leaders return to market multiples with 30 to 50% price haircuts... The McClellan Summation Index is now lower than it was at the bottom of the 1987 crash... The BEAR is still hungry...

Jim