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

To: Yogizuna who wrote (40475)	6/4/1999 5:20:00 PM
From: P.Prazeres	Read Replies (1) \| Respond to of 94695

Yogi, We just had a 50%+ correction in the net stocks and they didn't take the market down (crash wise) with them. We have a more orderly market today. may, just maybe, the easier access to information has helped. IMO, in order to get a "depression", there needs to be some event that would very quickly suck money out of the system....like a market crash, LTCM fiasco, etc. Critics can say what they want, but AG was successful in stopping the LTCM bleeding last fall. I'm not saying that we have "a new era"....what I am saying is that maybe there are other reasons to explain the market's behavior. Consistently waiting for the day of reckoning has certainly been the wrong approach..... If that day comes, well then we are all in the soup together! Paulo