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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (31364)4/7/1999 9:41:00 PM
From: Broken_Clock  Read Replies (2) of 86076
 
Mythtified One...not worthless at all.

Is that kegger dry? Let the fighting begin!

pei-intl.com
"Early April may well bring one last frenzy of equity buying by the
internet-based individual investors, but behind the scenes the real
money flow is starting to dry up. To date, the amount of new funds
flowing into U.S. equity funds is the lowest it has been at this time
of year since January of 1995 – back when the bull market was just
beginning.

All bull markets end only when it runs out of new buyers. The research
at PEI has clearly demonstrated that every market crash is caused by
massive liquidation of long positions and not massive short positions
that outnumber the longs. For the moment the party continues, but
behind the scenes, the beer keg of new money is starting to run dry.
Those late to the party will almost invariably regret having even
arrived. The lack of a new surge of capital inflows at this time warns
that what won't go up – goes down!"
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