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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (12323)12/24/1997 10:33:00 PM
From: gianelda  Read Replies (1) of 18056
 
The market's going to slowly erode this year. just read the charts of each of the major tech stocks since OCT.

You can thank all the analysts who are paid to calm the markets down
then, that all was right and Corp USA was an island of
prosperity, just to keep the inflows to mutual funds strong.

It worked for almost 5 weeks but now many fund holders are starting to see their declining balances.(just ask around)
Many of them are shocked into no action, but eventually their going to start withdrawing.

What's happened in japan & Korea was self delusion. It's now been 10yrs in Japan since the bubble burst. It'll take Korea almost as long.

The question is how deluded are the fund holders?

PS the I read prichards on MF 3 weeks ago and so far, his call on selling IBM, Dell, Msft were right (previously he called solvex & TLC short also) and most frightenly was his all out
sell everything alert. I'm starting to believe it.

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