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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: danderso who wrote (25076)	9/7/1999 10:19:00 PM
From: pater tenebrarum	Respond to of 99985

David, interestingly the amount of capital that needs to leave the market to engender a big drop in prices is relatively small...there are estimates that a mere 3% of the capital invested in U.S. stocks in '87 triggered the crash by trying to exit in a very short span of time. of course, this is not 100% quantifiable, but it suggests that even a slight dip in confidence could lead quickly to a panic, especially considering the market's staggering valuations. check out Fleck's market rap, go to the bottom of the page and click on the link to Fred Hickey's report...it's a treat. stocksite.com regards, and good night, hb