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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (44031)	10/17/1999 4:17:00 PM
From: Mephisto	Read Replies (1) \| Respond to of 94695

Well, the market's future may not be that great. In today's The New York Times, Gretchen Morgenson reports: "Some market strategists think that the week was an indication that the days of the dip-buyer may be over. According to these people, investors today are less likely to jump in when stock prices fall." WHY "Most important, the level of cash that investors have on hand to put into the stock market is low. For most of the major investor groups, cash reserves are near the low end of their 45-year range, according to Christine A. Callies, chief United States market strategist at Credit Suisse First Boston. In the second quarter, cash in American households stood at 3.59 percent of total financial assets, a new low and well down from 3.96 percent of total financial assets, in the third quarter of 1998. Borrowings to buy securities, meanwhile, are at a record $155 billion, compared with $78.6 billion in 1995. Other investors have diminished cash holdings as well. Cash held by managers of mutual funds stands at around 2 percent of funds' total financial assets, down from 2.56 percent in the third quarter of last year. And cash available for investment at non-life insurance companies is 4.52 percent of total financial assets, the lowest since 1984." Excerpts from MARKET WATCH by GRETCHEN MORGENSON in The New York Times, Sunday October 17, 1999, Section 3, Page 1. ************************************************** Bill, what scares me is: Borrowings to buy securities, meanwhile, are at a record $155 billion, compared with $78.6 billion in 1995.** I managed to post three messages this morning. If I am lucky this will the fourth! Mephisto