Tulipomania Blowoff Contest: Why and When will it end? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

YHOO 52.58

0.0%

Jun 26 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bilow who wrote (2800)	4/16/2000 8:17:00 PM
From: Mad2	Read Replies (1) of 3543

Hi Carl, My concern is more selling pressure(margin and equity mutual funds that individuals can move out of), rather than buyers. Problem with the run of the last 5 months, is the very high percentage of equity owners as compared to money on the bench........the shorts will eventually help out as they cover, unfortunatly as a group they have a lot of ground to reclaim. A lot of people are still very profitable in the stock market, and are going to be buying up stuff. . The latest reporting period indicates money flow into equity funds was positive (down to around 1 bil). With self-directed 401k's and so forth, a risk we face is a run on the market (as opposed to the 29's style run on the bank). As I've posted before the market averages are very sensitive to this flow of funds. Basic problem is still valuations the market has priced in +15% growth, at a time the economy clearly needs to catch its breath. I think Greenspan said last week the fed has no intention of rescuing the market, so we should not expect rates to come down in the face of a faltering stock market. Comments from guys like John Bollinger and other respected technical analyst's commenting on dammage to the market (I think he's refering to the nasdaq's close below 3650 on Friday......opening up the possibility of 2700-2900 soon), lead me to wonder if and when money might start flowing out of the equity funds, creating a real bear. Well I'll just wait for the dust to settle and focus on buying low (cheap) and selling high/expensive garbage. Just a muse of an Irishman waiting for the next potato famine. Another exciting week comming up in the worlds greatest casino and now national pastime gambling (I mean investing) on Wall Street. mad2

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next