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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (24905)8/22/1998 3:24:00 PM
From: Monty Lenard  Read Replies (1) of 94695
 
Haim from the Mediteranian shores

Hi Haim, so help me I was thinking yesterday that you were missing all the action but it appears that I was wrong. :-)

Remember that Friday sell-off in Europe was Russian triggered

Yes but it sure hit SA awfully hard and I wonder it the dam does not have more leaks now than they have fingers to plug them with. :-)

It seems that when one drip is "fixed" another one develops. I honestly believe it will catch us sooner or later.

Money is still comming in into funds, 2.6 billion by last read and teh rally is getting narrower.

That almost sounds like a contradiction??? Are you saying the money going into the mutual funds are not going into stocks?

My speculation is a short lived rally into labor day weekend.

I do believe it is struggling to hold its head up but suspect that it will be unable to do so.

Monty
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