Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Defrocked who wrote (52904)	7/23/1999 12:11:00 PM
From: John Pitera	Respond to of 86076

Why would anyone buy stocks in this environment??? Rhetorical question only.<g> Because risk is a Myth we all know that The market makers will be sure to let us know when the market's going to drop, so we have time to get out with all our profits. There will probably be a red light on CNBC warning, "Sell now." Trades will be processed as fairly as possible, so no one loses any money, particularly not investors in Internet stocks. They'll all get out at the top, and receive free gift certificates from Amazon.com. The market makers will shake their hands and thank them for their patronage over the past few months. "A pleasure doing business with you. See you during the next bull run -vbg-

To: Defrocked who wrote (52904)	7/23/1999 12:15:00 PM
From: Investor2	Read Replies (1) \| Respond to of 86076

Re: "Why would anyone buy stocks in this environment??? Rhetorical question only.<g>" I wouldn't, you wouldn't, most traders wouldn't. That brings two thoughts to my mind. 1. It's usually time to buy when nobody else would buy, that is, when everyone is negative on the market. 2. Maybe the next few months will give an indication of how much the biweekly flow of 401k cash into equity funds can effect the market. Who else would be buying? Best wishes, I2

To: Defrocked who wrote (52904)	7/23/1999 12:17:00 PM
From: John Pitera	Respond to of 86076

Def, quite a different stance by Miyazawa last night Speaking overnight Japan's Miyazawa conceded that tackling investors head on is not always the best way to keep the yen weak. His remarks signal a significant turn around in intervention thinking and follow Summers recent condemnation that Japan should spend less time manipulating the market than stimulating consumer demand. Miyazawa said the government could unveil additional public works programs earlier than had been scheduled. Japan had formally said they would wait until Q-2 GDP was known in September before deciding on a new package. The fact that they are attempting to bring it forward bodes well for maintenance of aggregate demand and ultimately can be seen as going some way to try and indirectly bolster Yen sentiment rather than intervene. The govt is expected to announce its next fiscal budget around July 30th and could well outline some of the expected Yen 5.0 Trln pump priming measures at that time. Despite toning down interventionist talk Miyazawa said he would be watching the Yen closely - "and would signal our message when necessary". Clearly the threat of intervention still lingers but action speaks louder than words and the market is unlikely to take this talk for granted without putting it to the test ie - we expect further Yen strength to ensue