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Strategies & Market Trends : Waiting for the big Kahuna
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To: James F. Hopkins who wrote (21022)6/28/1998 1:15:00 AM
From: Gersh Avery  Read Replies (1) of 94695
 
Thank you Sir <G>

The tremor that went through the market (Thursday I think it was) had all of the earmarks of a slight currency panic. With the Clinton trip to China ongoing I think that there may have been a behind the scenes veiled threat of the Chinese to destabilize the global currency situation, again. Things seemed to have cooled off quickly enough and look to be under control. (watchin' the money<g>)

This is a liquidity driven market. It has nothing to do with value (except what perceived value can do to attract liquidity)..

It's money chasing money, period.

So .. where are the largest pockets of this liquidity? And what are these pockets doing.

Many people, today, think that the flows into and out of the Mutual funds are just about the only liquidity flow that exists for our market. Who taught us to believe that pile of bullshit. To survive in the markets today we need to watch the people who own the printing presses.

In the 80s' they ran the presses in Japan in such a way that Tokyo real estate values totaled more that the total US real estate value! It's our turn now .. and, yes, we are running the presses also.

Over and over and over again, we see example after example of the long term results of running the presses like we are doing now. So what can we do? I guess stand in line when they open the pressroom doors and watch carefully when the shut them for reloading.

Watch the money (you liked that eah?)

Gersh
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