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


To: Tunica Albuginea who wrote (40006)5/15/1999 1:11:00 PM
From: William H Huebl  Respond to of 94695
 
Tunica Albuginea,

Thanks... but please provide the link when you copy any post... those are SI rules and not my own.

As for the sell-off - we will have to wait and see the size and duration.

Bill



To: Tunica Albuginea who wrote (40006)5/15/1999 3:00:00 PM
From: j g cordes  Respond to of 94695
 
If Mr. Abelson of Barrons predicted 8 months ago that oil would tank the market, that's no big deal. Here's why.

Eight months ago, in October of '98, the Dow average was about 7900, now its about 11,000. We'd need nearly a 30% correction just to sink to where he predicted bad news would prosper. Mr. Abelson's significant contribution to Barrons is that his writing style encourages page turning and an occasional trip to the dictionary due, no doubt, to his penchant for thesaurusizing prose.