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Pastimes : How to best deal with KOOKS at this web site

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To: Bill Ulrich who wrote (676)7/5/1997 3:13:00 PM
From: Herb Fuller   of 1894
 
Bill , Re:>>our bull party may be cancelled.<<

Mr. B , Ike's market ideas come from the OLD school of thaught that the market needs leadership to continue to rage upward and Msft , Intc etc. are the ones to watch .

I cannot disagree with the above as it has proven out over time that this is true .

IMHO there is just too much capital coming into the market at the present time , some 20 billion dollars worth a month , for the market to tank .

I look for interest rates to drop in the coming months as investors move some of this capital over into interest bearing securities and this will slow the stock market down a bit and at the same time with interest rates being lower this will support the stock market .

Don't get me wrong that I'm not concerned with the market being as high as it is because I am concerned . IMO we are going to see a very volatile market thru out the rest of the year, as well as 98 , and we will see 5%-10% movements down as well as new highs in the coming months .

The market ahead of us will not be for the faint of heart

Herb
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