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Non-Tech : Invest / LTD

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To: Lucretius who wrote (6376)	1/6/1999 11:15:00 AM
From: The Ox	Read Replies (1) of 14427

Long term interest rates have come down from the 7s to the 5s and many believe they are headed into the 4s. The "smart" money will follow this trend and invest in the stock market while interest rates are low. Ol' whats-his-name from JP Morgan was on CNBC after hours yesterday and he thought that 80% of the run up from the last year was due to the lowering of long term rates and I agree, although I'm not qualified to throw out a number like that. As the stock market rises, it should be viewed with increasing skepticism, which is why I am now only 50% invested. But to be out of this market is a mistake, IMO. To be short the overall market now is a major mistake, IMO. Shorting the market after runups, for a few %, is very logical, but to be pounding the table and calling for a crash, just does not compute at this time. That's the way I see it. Michael

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