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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (41215)	6/30/1999 4:48:00 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

The bonds have been in a bear market since October'98 when the Fed eased. It seems they don't like Easy Al's policy. Why exactly will they reverse now?

To: GROUND ZERO™ who wrote (41215)	6/30/1999 8:07:00 PM
From: clochard	Read Replies (1) \| Respond to of 94695

"Are you referring to the longs or the shorts as dumb money?" I guess mostly longs by definition, as amateurs know only about going long. And since only amateurs go long at this stage of the market cycle, my conclusion is that the new money coming in is being collected by the better traders who use the money to pay their bills (as opposed to investing in the market). Thus, the market is being creamed off by good traders, drained by people investing abroad again, abandoned by cautious investors, and avoided by people approaching retirement.