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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (6959)	10/13/1999 6:23:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

BB:" Engineering to Captain Kirk..." ...damage (x_x) report : siliconinvestor.com >will know it's over when we get the exhaustion gap down on this one (CPQ) ... ...imho, it won't be over until the cost of kapital stops going up; ie., an exhaustion gap up on TYX.X or, gap down = morning star or a hammer on US99Z - Bond Futures. Gots to be one of the worst years on record for bondz. And that's a bummer... equity kapital + bond kapital being simultaneously destroyed, rather than flowing back and forth. Kapital's gotta be goin' somewhere - not all of it is being 'destroyed'. "Oh, I'm not puttin' it into bondz it's safe - I'm just holding it in money market funds at ~4.5% " Cash = MoneyMarket is also = USD currency = ~DX99Z - Dollar Index, and that kapital looks "safe" but, in reality is what, down -6% since June ? So, "cash" is actually kapital being destroyed, too; if you're long cash you're short JYen & euros, baby. Still, won't get ugly until folks try to sell kapital = real estate... find fewer buyers because Greenspan has screwed up - taken out the liquidity in the housing mortgage market - and that kapital base will decay and/or stagnate along with stocks, bonds and cash=currency. Hello, want to buy my house ? Uh, sorry - mortgage rates are too high and, me an my American Worker spouse will just hunker down here, put off buying anything for awhile - you wanna buy my car ? That's what's messy about capitalism... "interest rate hikes" are like a "broad-based anti-biotic" - instead of directing, re-distributing wealth = kapital gains flows from one form (equities) to another (savings/bonds, etc.) we have to endure these remedies = periods where all kapital gain states are being destroyed. eventually, "wellness" is achieved - hey, always a Hollywood Ending in America ! ...just ask Tommy-G ...he's read the script (^_^) -Steve