Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (17176)	1/28/1999 7:57:00 PM
From: Copeland	Read Replies (1) \| Respond to of 86076

In the second half 1987, the economy accelerated sharply beyond the predictions made for the GDP. I can't remember exactly what the news was on the inflation front -- wasn't there a reported rise in labor costs and commodities prices prior to the GDP report or afterwards? Oh, well. One could make the case that if the GDP figures are super hot, Greenspan won't cut rates, which would cause people to jump out of the market because it means a temporarily cessation in the Fed's printing presses. Likewise, the pundits will say that the Fed's cessation was already factored in the market and that all is well in tulip-land OR that it's signs that that market will continue to grow because America's economy is red-hot. I do expect some sort sell off now that earnings season is essentially over -- you don't need to be an Elliotician to see that; that's why I bought puts. Whether or not this will snowball into a Big Kahuna is questionable. Bobby Beara did bring up the fact that the Ohama Titanic sell indicator lit up early this week. Even superbull Bob Brinker has started to advocate staying out of the market until the S&P corrects somewhat.