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

To: Jay k. who wrote (34574)	11/29/1998 12:48:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 94695

on a valuation basis... Japan topped out w/ a mkt capitalization of around 130% of GDP. We are at 150%. make your own call, but a very good argument is there for the US being the most bloated mkt in history. Wouldn't it be a shocker if we ended in a double top fashion... surprising everyone (even the bears)? For everyone knows that bull mkts do not traditionally end in double tops.... yes wouldn't it be perverse justice that even those that know this mkt is headed for a fall are playing the long side for the trip to 10,000 get caught in the trap? One of my favorite sentiment indicators is screaming SELL... over the past 8 months, I see increasing numbers of different brokers advertising on regular TV. At first it was only Sat afternoons during golf, now it is ALL THE TIME. I can't watch anything w/out seeing Peter Lynch's ugly face, or some clown telling me how he doubled his money on E-Schwab. good luck -Lucretius