Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James F. Hopkins who wrote (22094)	7/22/1998 9:37:00 PM
From: Bonnie Bear	Read Replies (1) of 94695

Jim: the S&P smallcap index and Russell 2000, and REIT index, have fallen below their 200d moving averages...if they continue down from here, it's bye bye for this market. There's something like 8000 microcap stocks, and adjusted for interest rates they haven't been this cheap since the 70s. Never could I dream of such a huge divergence. This means most smallcap fund managers are now operating at a loss. Lots of CEFs are selling at ridiculous discounts- it DOES look manipulated for stuff to be pushed this low. I guess the things that could bring it down is an inflation shock- oil?- or yuan devaluation. Apparently the yuan has already been devalued on the black market. If the Chinese gov does not want to publicly devalue then they are forced into subsidizing the black market. I think devaluation must be soon.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next