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To: wmwmw who wrote (27750)7/23/1999 3:00:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 50167
 
Heck WW

i've been mumblin' about that myself....

i guess it's just locking in extrodinary gains in ballistic run ups in the indicies and stocks...period..



To: wmwmw who wrote (27750)7/23/1999 3:11:00 PM
From: gerard mangiardi  Respond to of 50167
 
I've stated before on this thread that I believe the risks has to do with an abatement of US demand before the rest of the world gets strong enough to compensate.



To: wmwmw who wrote (27750)7/24/1999 12:46:00 AM
From: Fun-da-Mental#1  Respond to of 50167
 
There's a whole thread devoted to the subject of market direction analysis: Subject 24052

As I understand it the underlying problem is excessive valuations and the short-term trigger is the fall of the dollar. Also, tightening money supply as we reach the peak of the business cycle.

You all might want to buy some low put options as insurance.

Fun-da-Mental



To: wmwmw who wrote (27750)7/24/1999 9:25:00 AM
From: Les H  Respond to of 50167
 
The markets are no more worried YET than it was in February or in May. The market is selling off the big cap stocks first again because of overvaluation and interest rates. In the May decline, the 100 largest stocks in the S&P 500 had a 20% correction on average. It's been interesting to see the intraday rebounds in the indexes with the TICK recovering but the advance/declines staying very negative at 1-2 or 2-3.