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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 675.24-1.2%Nov 4 4:00 PM EST

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To: KevinMark who wrote (64590)12/18/2000 8:49:22 PM
From: James F. Hopkins  Read Replies (1) of 99985
 
No No; Keven; you got it all wrong every point
too.
First off the Cap Gains was signed in AUG 98 BUT they knew
before it was signed that it would be and that it would be retroactive ...when I saw what they were up to I screamed sell..
Message 5214259
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Now you are either totally dazzled by the Wall Street bullsh*t and double speak of CNBC gurus,
or your one of them.
There was no market run up ( just a hyped and dishonest
index bubble ) the broad market peaked in July of
98 because as soon as old money saw it could run
it started out.
Don't do like the two bit sharks who always hunt up
some low to compare to some high to hype a point or market trend.., keep apples to apples highs to highs or
lows to lows..and keep one other thing in mind
most of volume over time is never traded at the lows or highs hell dam few people make it in on the lows,
but a lot do buy on the highs from broker/dealers
and market makers who are going short to
sell to the suckers. ...
----------------------
You got to know that over 20% of the S&P stocks have been
replaced since mid 98 , ( they sweep all the losers under
the table ) 10% this year.
The Naz & NDX is even worse they are pure hyped indexes
to bait people in, and even when they don't do the
sweep under the rug they get just a hand full of stocks
dominating the index on run ups by weighting them more
and more , which spikes the index , then on down turns
the weight is reduced on the fastest droppers and
it's put back on in a relative manor to those who
don't fall as fast so the down turn looks very orderly
-----------
If you want to look at an index that's not rigged and
hyped to high heaven one that will show you what most
pension funds and investors have really made look
at.
quote.yahoo.com^VLIC&d=5ym
It's been the real standard and best over all
stock market indicator for years and years ..
DO you see the peak in 98..did it ever once get back
there ?
Forget your 4000 pt pocket of hot air..the only people
who made money in that were the broker/dealers..
Trillions of dollars have gone to money heaven since
Jul of 98 and a few billion went in the pocket of those
who helped rig the cap gains break and knew ahead of time
they were going to get it and dumped.
But the real damage was done to the Muni bond funds
did those poor folks ever get ripped off.
Hell you can't even find the data any more they don't
let it lay around for people to see, the whole thing
is based on marketing and slight of hand to keep people
from seeing the what's real.
The value line index is now about 8.5% above her 98
low But how could that be as pension funds alone have
put in over 150 billion dollars in those stocks
& where in the hell is that 150 billion, that 8%
don't get it.

Ya bud the real top was in 98 all the rest was wall
street slight of hand the broad has lost over 24%
since then and will need to go up over 31% to get back
even meanwhile the money flow has been more positive
than negative so where do you suppose it is going.
------------
The is over head and slippage says you can never
get out of the market what's put in the market
with out an ongoing source of tons of in coming cash
the market will sink of it's own weight.
As not only do the spreads and underwriting fees
get deducted , all the mutual fund managers get a
percentage of the assets they manage even as the
market falls. ( dam if I don't believe we have more
funds than stocks )
--------------
Lesson..trade the hyped indexes and forget stocks.
Except Yahooo it's a long term winner if I ever saw one.

Jim
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