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Pastimes : Ask Mohan about the Market
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To: Cynic 2005 who wrote (13645)1/30/1998 10:27:00 PM
From: edward miller  Read Replies (1) of 18056
 
>> I would like to think that the huge rally of the last few days
>> is mainly short-covering and some fund buying. However, there
>> is no telling how much more dumb money is still sitting on the
>> sidelines .... ..this market might have moer(sic) liquidity
>> than the water molecules in the Pacific Ocean. -g-

As one mostly in cash, waiting for a lower buy point the
jist of your comments makes me wonder -- Is the dumb money
that sitting on the sidelines and the smart money positioned
for a short squeeze when the *little guys who think they are
smart* (dumb money?) realize that they are missing a big run
(forward looking speculation)?

It's not a prediction; it's what makes a market!! Isn't
anxiety just great <gggg>???

Ed Miller
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