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To: GST who wrote (70787)7/30/1999 1:26:00 AM
From: 10K a day  Read Replies (1) | Respond to of 164684
 
GST...
You're right,
The people who were on Margin @
200
170
and
140
are near broke,
or really wounded...
So very kind of you
to give this warning,
at this time...
too bad the houses,
got rid of the leverage for
the smart nimble little guy....
really interested in the Dr. Tom's
sudden change in perspective,
though,
i must say,
i must say,
he was fighting and
fiesty,
last week,
hey,
i survived the nut fall,
and...
my account blew up,
on a non-internet related play,
so i'm just a haunting voice in the night....
the mind says it's still there,
but it's not,
so what more do you do.....
what would YOU suggest i do,,,
should i quit,
should i get a life,
get a job,
what would you suggest i do...
now that your scenario came true,
for just one trader.....



To: GST who wrote (70787)7/30/1999 7:23:00 AM
From: Sam Sara  Read Replies (1) | Respond to of 164684
 
GST- from briefing.com:

Going Japanese
30-Jul-99 07:17 ET

Given the less accomodative Fed, rising long-term interest rates, deteriorating breadth stats and a lack of leadership, the near- to intermediate-term outlook for the U.S. market isn't very promising. Consequently, investors might want to consider increasing their exposure to foreign markets. One market worthy of note is the Nikkei. The Japanese equivalent of the DJIA recently established a 22-wk high. Though weakness in the DJIA has weighed on the index in recent sessions, Briefing.com contends that the Japanese market is set to outperform over the intermediate- to long-term for the following reasons:

Yen Strength
While the dollar has the blues, the yen has shown surprising strength of late. There are those who would argue that yen strength is bad for the Nikkei in that the exporting stocks suffer as a result. But that's a short-sided view. A strong currency is a vital ingredient to a growing economy and a rising market. A rising yen makes Japanese investments more attractive, encouraging money flows into the country.


The fascinating thing about the market is that you can be right about something, but you need to have the rest of the crowd recognize you are correct shortly thereafter to make money. To me, it seems that you are correct, and now the retail investor will come to recognize that your view is correct. That spells further trouble for the US market.




To: GST who wrote (70787)7/30/1999 1:04:00 PM
From: John Donahoe  Read Replies (1) | Respond to of 164684
 
by Joe Battipaglia
Chairman of Investment Policy
Monday, July 26, 1999

No Change in Our DJIA 12,000 Year-End Target

gruntal.com

--snippet--

Our viewpoint once again is that there will be no meaningful change in interest rates going forward for the rest of the year. Mr. Greenspan's testimony this Wednesday and the FOMC meeting to follow on August 24 th will not signify a higher level for interest rates. The Federal Reserve is happy to jawbone the bond and stock markets while doing actually nothing about it. Meanwhile on the earnings front, the second half should be explosive, given that comparisons with last year will be easier and the dollar's relative level is lower. We continue to forecast outsized gains in earnings once again. The market is partially anticipating this, but what the market is not anticipating, is a very strong year 2000. That is the new story we are going to address.