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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (35811)12/30/1998 10:33:00 AM
From: Tom M  Read Replies (2) of 94695
 
Haim >>Just buy what moves <G><< How true, the market is never wrong (after all, it knew the Fed was a closet endorser of momentum investing all along<g>!)

$12B went in in November.
$12B went out in December.
Same equity level, just ~2000 pts higher.

3rd Q derivative exposure by US banks (per CyclePro link) is now $34.6 trillion, up $6 trillion in 3 mths (entire US economy is $6-7 Trillion annually), go Clinton! This is Bill Clinton's market and it's here to save the Presidency. Country be damned, Apres moi le deluge. Poll majority say he's being given credit for our "miracle" economy, I hope this truth also comes out before that majority votes again. How'd you like to be the administration that takes this over if they can keep it going to the next election!?

BWDIK,
Tom
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