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

To: Tommaso who wrote (28240)	9/17/1998 8:10:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I would think that it might take some time to reach 3600, about 18 months or more? GZ

To: Tommaso who wrote (28240)	9/17/1998 9:31:00 PM
From: bobby beara	Respond to of 94695

Tommaso, given the action in P&G and Gillette lately, you can see that the nifty fifty stocks have lost their nifty. AND THEY ARE STILL WAY OVERVALUED ON HISTORICAL TERMS AND WE ARE FACING A DECLINING EARNINGS ENVIRONMENT WITH 32 CONTAINERS COMING INTO MY LOCAL LA PORT AND 8 GOING OUT. and still negligible dividend yield. BONDS HAVE WAY WAY WAY OUTPERFORMED THE STOCK MARKET SINCE THE KAHUNA THREAD WAS INITIATED BY BILL LAST YEAR. Stocks that like MER and CCI that are quite at risk to the worldwide financial excesses in the last decade and have been cut in half in short order, while many XAU stocks have gained big since the late August bottom and have held their gains, even after an irrational??? 37% gain in a couple of weeks. SEA CHANGE or can you spare some change -g- Somebody should QUESTION this BIG, WHY are Gold stocks performing so well with NO INFLATION!!!!!!!!!!!! In 1987 the world economy was in quite different shape than today and much more balanced. Today we are the stock market, the currency and the lender of last resort. Everyone has fallen in love with the $USD and everybody hates gold. Contrarians have been riding this song for some time now as the market has continued it's irrational march upward and have been discredited, but that is what makes peaks, where the wall of worry has been climbed to the peak and the last greater fool has bought CCI @ 180 and every bear has been discredited and made a fool of - bk is a myth- BTW - my wave reads are showing me that we could be in for a big collapse in the N225 and the next wave down in our BK is washing ashore. bb