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Strategies & Market Trends : Asia Forum

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To: MikeM54321 who wrote (5392)8/5/1998 6:33:00 AM
From: Stitch  Read Replies (1) of 9980
 
Mike,

<<But the gist is still the same, mutual fund inflows are slowing down considerably and just may be reversing direction>>

So...it seems to be scary stuff. It means that things have heated up enough for individuals to seek stability...right? The so called "flight to quality" that we have been reading about. I suspect the timetable on the minimelt has been moved up. Question is...is it a mini...or is this the big kahuna? Spent the better part of the day reading various analysis which seems to run 6 or so to 1 that this is not a big bad bear. In fact...I keep hearing that the market is oversold. Anyone know what the heck that means? Is there a ratio they watch? I must confess...that as soon as it becomes an imperative to back away for a wider frame of view I feel less and less confident.

best,
Stitch
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