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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Crimson Ghost who wrote (46210)	4/14/2000 12:18:00 PM
From: Tunica Albuginea	Read Replies (1) of 99985

Agreed George. The Mutual Funds have had new money inflows recently that THEY COULD throw into the market. However, What will happen if we do go down to 3000, at least, as it now looks like, and the Mutuals start getting calls for redemptions? Then they'll have to sell to nobody. The system will really crash. I think many did not see this coming in spite of warnings for years now, the we were highly leveraged, margin debt, high PE, yada yada yada. We are now entering what looks like the panic phase of the market crash. ( Can we say crash now? Not yet? OK, we'll see ). -Everybody will soon start wanting to get out from the same door at the same time. We have never experienced this before I think from the magnitude viewpoint. What will happen with such a big stock market? TA Message #46210 from George S. Cole at Apr 14 2000 12:07PM Looks like the mutual funds indeed are no longer in a position to allow or not allow anything. They can support particular sectors, but do not have anything like the liquidity to support the entire market. We may get a nice bounce towards the close, but we are nowhere close to a MAJOR bottom in anything except gold stocks which are booming today after a severe drop in recent weeks. And especially not the NAZ which still is up 35-40% from October.

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