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

To: Front Beach who wrote (30081)10/3/1998 1:54:00 PM
From: Herring  Read Replies (1) | Respond to of 94695
 
I tend to believe that the weakening of the dollar is going really hurt this stockmarket. The recent drops in european markets, as well as the long term drops in Japan and Asia has made many of those markets more attractive than US stocks. On a comparative basis US stocks are still expensive and with prospects of a weakening dollar it would make sense for foreigners to pull their maoney and put it into their own markets where stock prices are cheaper.

I predict a silent selloff in the next few weeks. I do not think we will see a dramatic 500 point drop but rather smart money leaving the markets. Everybody knows that anything can happen in these markets, and it will very much depend on peoples sentiment regarding a good price vs a bad price. I still have to say that US stocks are expensive, and do not think the correction is over yet.

We need to get used to this bear market and just pick the winners from the loosers! This will be more imortant than ever!

Best regards,

Herring



To: Front Beach who wrote (30081)10/4/1998 10:03:00 AM
From: SBerglowe  Respond to of 94695
 
I agree with your analysis and feel that we are in for four weeks of hard down.



To: Front Beach who wrote (30081)10/4/1998 2:10:00 PM
From: kenya  Respond to of 94695
 
There are a lot of tools at US Government disposal today than in 1929 for managing a market down. I think they are using them. While there is a remote possibility of a 1000 pt move down, I think you're exactly right on what we'll likely see.


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