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Strategies & Market Trends : Asia Forum

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To: Goldbug Guru who wrote (5033)	7/5/1998 12:26:00 PM
From: Bonnie Bear	Read Replies (3) of 9980

Hard working Joes.... I don't understand the math, something just doesn't add up. American money isn't fueling this market, according to CNBC the average American has something like $4000 in a mutual fund. If it's in a 401K he/she's probably not going to bolt and run. In fact the US mutual fund money has been declining since last year and the amount of foreign-owned bonds has dropped sharply. The overvaluation is not uniform; I can find REITS, small banks and microcaps selling at book value and worth more than their bond holdings. BTW the new market limit is 30% in one day, not 600 points. A lot of people went to a lot of trouble to change those limits.

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