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Politics : Idea Of The Day

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To: randy kay who wrote (12749)10/25/1997 10:59:00 AM
From: Cynic 2005  Read Replies (2) of 50167
 
Randy, what are the Swiss going to do with the proceeds? Buy stocks? I don't think so. If the Swiss is liquidating a lot of Gold, that will have some effect on the liquidity of the equity markets. BTW, I have read a SI note which said that it was only a proposal to sell Gold which the Swiss Govt. declined.
I differ from your view point on techs. They just got in to the slaughter house. You haven't seen nothing yet. You may find an interview with a hedge fund manager Flenkenstein (sp) in this week's Barron's. Like many tech bears, he doesn't get much respect from super bulls, but he exposes the fallasy in perma-bull thinking on tech-stocks. A must read whether you agree with him or not.
Good luck!
-Mohan
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