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Strategies & Market Trends : The Millennium Crash
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To: tekgk who wrote (227)8/14/1997 9:49:00 PM
From: Bonnie Bear   of 5676
 
just amazing how much of the world stock market is propped up on the stream of pension-fund money as noted in the link.
The fall of this market will start in the bond pits. The Japanese have threatened to do this for a year now, it is only a matter of time.
And as for the tech sector, applied materials seemed the ultimate speculative top, a new high with flat earnings in an industry with spectacular overcapacity.
The question for the audience is, where has the smart money gone if it is going out of the market? If the dollar is high then it has gone wherever the dollar can buy a lot more than it used to.
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