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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (5205)	5/27/1998 10:44:00 AM
From: James Strauss	Read Replies (1) of 29382

The Market: Sergio and Amigo's/Amigas: We are beginning to get that slow Chinese Water Torture drip, drip, drip, of lower prices reminiscent of 1987 and 1973-74... While it can be argued that interest rates are relatively low, and the Budget will have a surplus, the Market is sending a signal that something else is greasing the skids for a correction... I moved all Mutual Fund money in Money Market several weeks ago... I've been lightening up on my stock holdings in the last week... I've even lightened up on RECY, APCO, and TAVA... There appears to be overall downward Market pressure that will take down the good with the bad... Having cash on the sidelines will allow for advantageous purchases in the months to come... Jim

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