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

To: GROUND ZERO™ who wrote (27036)	9/10/1998 7:50:00 AM
From: geewiz	Read Replies (1) \| Respond to of 94695

Hi GZ, I figured you were working off a loooong term trendline when you called a bottom, something similar to your february call for a 9400 top which was mighty close; considering you eyeball the charts, it was dead accurate. There certainly is a lot of negative sentiment, I've observed it in all the popular media (this weeks' Time). And I also see some individual values! However many of the good values are getting even better and I remember how it felt to get stuck in good values in 1974 and everybody was cashing in their chips! I've gotta' see the crowd running for the exits. Right now I see the market at the fire extinguisher level. You also make a post in reference to long term economic growth and if I remember you had a bias toward moderate inflation. The monetary basis for this is clearly building, and this cannot be a strong positive for equities. Most discouraging to me is that if this asset bubble, which is the sum of all our friends retirement funds, reverts to the mean, most of our friends be looking at depleted retirement savings. The confident types reassure me that this cannot happen because there is nowhere elce for the retirement savings to go. I am always skeptical of confidence! I am green with envy of anyone who can spend six months in the South Pacific and call it work! clearly I'm in the wrong business! best art