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Pastimes : Ask Mohan about the Market

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To: Jack Clarke who wrote (8246)	11/17/1997 2:56:00 PM
From: Rational	Read Replies (1) of 18056

Jack: I appreciate your remarks. There is a herd mentality in the market. Given that the fundamentals dictate a real pull-back, there should be a significant trigger point to crach the herd mentality. Like some scientists have predicted that the GEO satellite systems will be seriously affected due to recently observed solar quakes! This is a fact, but it has not affected the herd yet. The market will go down IF something down-to-earth happens: (i) the bond yields rise significantly (e.g., when Japanese sell their US Treasuries) and/or (ii) the corporate profits decline or level off. Until then, the market will gyrate, IMHO. Sankar

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