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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Lars who wrote (1528)10/9/1998 6:15:00 PM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
** Market Summary **

Look at yesterday's summary and just reverse everything I said and you have today's summary. The NASDAQ lead the market up today. Volume was fairly flat when compared to recent days with the exception of
yesterday.

Important points to consider for the boradcast:

1. AJC announcement did nada to the market.

2. Ralph's announcement of new targets did zipinksi to the market.

3. Impeachment vote did zilch to the market.

3. P/C ratio was 1.27 on Thursday.

4. Investors pulled money out of the market this past week and put it into money market funds. This is money waiting for stabilization. It is money waiting to get back into the market when after we turn.

5. Maybe we turned today. The benchmarks held up very well this week
under an assault from sellers. Panic selling yesterday was evident.

6. Big earnings week coming up.

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