Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Muthusamy SELVARAJU who wrote (20197)	6/24/2002 10:37:03 PM
From: EL KABONG!!!	Read Replies (1) of 74559

Selva, Some thoughts of my own on today's rise in prices, albeit it on relatively low volume and a very modest advance... Seems to me as though everybody and his brother is talking about hedge funds, buying metals as a hedge, currency trading (in currency funds I suppose), options, and other strategies typically used by the ultra-wealthy and highly successful hedge funds over the years. Look at the proliferating growth of hedge funds in the USA. They keep dropping the minimums for participation, and may get to a point so low that the kid on the street with a cardboard lemonade stand can buy in if s/he wants... So, it stands to reason (from my perspective) that a counter-rally is in the cards somewhere. Sort of a short squeeze, only the ones being squeezed won't be traditional shorts. It'll be the man on the street who just dumped $50K (US) into some hedge fund thinking he'll profit mightily from a falling market. So, I think we may actually see a small rally here. Not sustainable, but enough to squeeze Joe Sixpack out of his hedge funds. After the squeeze, more to the downside. Much more... KJC

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