Monty; It's odd Greenspam keeps people on edge and talks about
wage inflation but keeps pouring money into the system.
biz.yahoo.com
I should have just held my long position this is crazy,
but any way I'm not long or short , except for one of
those small caps still swimming under water.
If I go long again it will be after I see the small caps
make up their mind to run. And then I might try to catch
that train, and then get off if and when I see them do it at the expense of the Blue Chips.
Lets keep in mind "some" of this run up also comes from mergers,
and stock swaps that tend to inflate stock prices,
like today I saw one Stock gap up 30pts on a merger.
That's not the same as investors buying it up,
I don't know how to figure the results of last years merger
mania; It also seems to be continuing, you know as they use stock
for money , it's not really the same as real money running up the
market , but how to put my finger on any kind of percentage,
to try and figure that effect I'm at a loss.
Normally the buying company loses a few points while the other
jumps up, but more often than not the net effect if you had
both companies is you make out, the premium they pay tends to
jack up the value, and the tax is deferred if you don't bale
out. This is an area I haven't really look at very much, but
with out looking I feel sure it's played a substanual part in
the inflation of the balloon.
Jim |
