Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Matthew L. Jones who wrote (31145)	10/22/1999 10:30:00 PM
From: pater tenebrarum	Respond to of 99985

Matt, i just looked at the BSX chart...ouch! however, it looks really sold out here...i agree with you on the macro picture being close to coming together. these moneyflow data are indeed huge and they explain this week's rally to some extent. but allow me to point out, that in 1929, just before the big break, the investment trusts were likewise sitting on huge amounts of cash by the standards of the time. sorry! i'm just mentioning it to point out that cash in the hand of investment funds is no guarantee that stocks will perk up. btw, in the longer term picture, the mutual fund cash position looks puny: marketgauge.com i have read somewhere that in aggregate it takes between 1-2 billion dollars per day just to keep the market at the same level. however, i'm not 100% sure if this is indeed the case...maybe somebody knows more about this? well, at a towering 160% of GDP i imagine the market's total capitalization needs regular juicing to be kept afloat. and yes, i also bought some stuff which i thought couldn't possibly go any lower, based on the underlying fundamentals...i guess the end of the tax loss selling period may bring some relief in this arena. regards, hb

To: Matthew L. Jones who wrote (31145)	10/22/1999 11:16:00 PM
From: Terry Whitman	Respond to of 99985

$7 Billion into equity funds last week. Wow! Oh look, Uncle Sam just gave it all away plus some to keep the farmers in business- dailynews.yahoo.com Easy come, easy go I guess. There is some precedent on farm bailouts. That is, they usually precede recessions and depressions. BTW. Tonight's history lesson from Chapter 3 of the Road to Retirement City- >For some direction on the course of the present administration, you should probably look at Hoover's administration. After his election, he was pressed to aid the farmers, who were suffering from low commodity prices (sound familiar). The laws passed had a negligible effect. Almost immediately after the farm support laws came the Hawley-Smoot tariffs. Corporate income had started to decline, and big business pressed for protection from European industries. The tariffs taxed foreign goods to protect American ones. (Is this starting to sound familiar too?) The next two major events under Coolidge were the Stock Market crash of 1929, and the Great Depression. Need I say more. < geocities.com I'm starting to sound like Heinz too. Well, OK, I already sounded that way. <g>