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


To: MythMan who wrote (20550)2/19/1999 2:22:00 PM
From: Cynic 2005  Read Replies (2) | Respond to of 86076
 
It looks like a very labored effort, doesn't it? The reason I believe in BK is plain and simple - nature is much more powerful than humans. Slick and Greeny can only postpone, in the process making the inevitable much worse. The nature, call it God or whatever, controls human emotions. Group emotions are what make markets. When ML strategist, Bill Meehan and a few other pros urge caution and encourage clients to sell, some dopes would come out and say, "gee, as a contrarian this is good news for me. I will be a buyer." Well the fact is, we will not get from top to bottom overnight! Sentiment change is gradual and a bear (crash or not) WILL have to start with a good number of bearish advisers.