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Strategies & Market Trends : Waiting for the big Kahuna
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To: Gersh Avery who wrote (21755)7/17/1998 9:16:00 AM
From: James F. Hopkins  Read Replies (1) of 94695
 
Gersh; I'm sure that off hours some CNBC commentators scan SI,
as I've seen them duplicate some of my ideas, as if they were
their own.
This last week I noticed they started on the Nifty Fifty, and picked
up my take on the Top 5 of the Nasdaq 100.
While they focus on U.S. stocks more than others, and many of us
think they are over valued ( which is true ) the real story
since November of last year has been in Europe. Our market has
not gone up to what the European market has.
As for the over valued thingy..it has little to do with how the
market does, mostly it's "cash flow". Follow the money, I think
they are now catching onto that.
Jim
BTW the 30yr yield is getting close to the critical point for stocks,
if the FED was to drain liquidity you would see a sharp down turn.



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