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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: donald sew who wrote (709)	12/7/1998 8:29:00 AM
From: NickSE	of 99985

Donald, I posted this a about a week ago regarding money market funds. Message 6676442 Total money market assets stood at $1.387 trillion for the week. EDIT: Since you did mention the issue of money. It is my understanding, correct me if I am wrong, that in AUG/SEPT there was 1.25 trillion in the money markets, and now only around 150 billion. If that information is true, there really is not that much money around, just based on simple mathematics. It took 1.1 tillion to move the market 2000 points, so based on simple ratios the remainding 150 can move the market up about 300 more points from here. I am not standing behind those figures and wish if anyone can confirm such. Hope this helps, Orbit

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