Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (22595)	7/28/1998 7:36:00 PM
From: Bonnie Bear	Read Replies (1) of 94695

Jim: the small-cap scene is really fishy. There's a well-defined S&P smallcap index- people can buy the index, it's liquid- but nobody is buying it- and just who are these "foreign investors" buying the big caps- where are they from? Are they offshore hedge funds playing index arbitrage on the Dow and S&P indexes? Hmmm.... I have a nice collection of small companies at book value, with dividends higher than a treasury, and growing sales and earnings, and they went down today. Hmmm...:-( .

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