Ask Mohan about the Market Message Board

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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (14008)	2/11/1998 3:51:00 PM
From: Cynic 2005	Read Replies (2) of 18056

More thoughts on the market direction - I am looking at liquidity and only liquidity in determining the near-term direction: 1. fund flows (per a report out today) for Feb at monthly rate of $14 bil. 2. per a report that was out yesterday, money market funds were up significantly in January and strategists are panting for those $$$. 3. April 15 is around the corner and new IRA money will be coming. If last years Late April rally is any indication, smart money is positioning itself for this $$$. 4. Yesterday there was a quarterly refunding for 10 year (?) treasuries to the tune of about $16 bil. Again, stock market strategists are panting for these $$$$. What are the odds of an institutional bond investor jumping in to equities at these prices? 5. Mohan has still some buying power left and so he is not totally assimilated to the Borg continuum. Hence the future direction is with an upward bias. -vbg- All told, how much liquidity we are talking about? I have no clue. But, based on my dentist's comments, I have a feeling that this market has a lot of money to be sucked in. BTW, he would buy a good company stock at any price because he is in it for the "looooooooong term" in which there is no risk in equities. But how much is enough to support these valuations, again, I have no clue. -Mohan

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