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To: Cynic 2005 who wrote (66571)	10/5/1999 5:27:00 PM
From: Tim McCormick	Respond to of 86076

Metcalfe is entertaining. infoworld.com Tim

To: Cynic 2005 who wrote (66571)	10/5/1999 5:39:00 PM
From: pater tenebrarum	Respond to of 86076

Mohan, NYSE members have now been net sellers for 9 weeks in a row...that's damn near unprecedented and suggests the distribution from the houses to the huts has been in full swing for quite some time. it appears the houses have a view that differs slightly from Monsieur Voltaire's. the bull is tired, they know it, and they have just held up the indices long enough to make sure they get rid of all their inventory at top dollar. the party seems still to go on, but the corridor leading to the exit is getting crowded....

To: Cynic 2005 who wrote (66571)	10/5/1999 6:01:00 PM
From: bill meehan	Read Replies (1) \| Respond to of 86076

There's more at the door. But I'm still a bit perplexed/amused that the looniest stocks/valuations continue to levitate. Have you heard? Q3 earnings are going to be really, really good. That's basically all the bulls have to say, other than the economy is going to slow--REALLY, this time it's going to happen. Springtime: buy stocks, stay fully invested, the Fed won't raise rates. Stocks go down. June/July: buy stocks, stay fully invested the Fed won't raise rates again. Stocks go down. August: buy stocks, stay fully invested this is really the last rate hike. Stocks go down. September: buy stocks, most of them are already down 20, 30, 40% they're really good values now, the economy is slowing and the Fed is REALLY done. October: Fed has told us they're not going to raise rates, let's party...don't forget, earnings are going to be great. We don't care about no stinkin' bias, and those old geezers in bondland are just plain stoopid. Friday, October 8: Unemployment continues to fall, hourly earnings too high, non-farm payroll uncomfortable large...buy stocks the economy is strong should be great for next year's earnings. Bonds are much lower than they were in the early '80s. <g>