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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 (44621)	11/18/1999 10:11:00 PM
From: Mephisto	Read Replies (1) \| Respond to of 94695

Dear William, I think people bet on our technological future and that is the reason for the high stock valuations. Also, I believe the US will get inflows of money from people abroad who are worried about the Y2K situation. As you know, it wasn't too long ago that we discovered that a New York Bank was used to launder Russian mob money. Do you think that has stopped? Perhaps, the money flows through Genevea or Zurich b4 it is delivered to the US. No one really knows. And from what I read, the Y2K problem is a serious problem for other countries, especially Asian countries. They may move their money here. I've grown use to these new valuations so it is difficult to get a perspective on the situation. But, as crazy as it sounds, I don't see why the average American investor would panic and pull his/her money out of the stock market at this time unless it is to pay for taxes on capital gains. On the other hand, the author of an article in The New York Times pointed out several weeks ago that most Americans are in debt and do not have that much money to put in the stock market. I have one credit card. Most Americans have 15, according to statistics. Personally, I try to do a balancing act. When I buy shares, I try to find shares to sell so that I always have cash on hand so I am never fully invested. Still, I think the market could rally until the average American develops a tiny fear about January 1, 2000 or the first banking day of the new millennium. Even I wonder if I will be able to log into my brokerage account successfully on that day. So the rally may continue for awhile..... Mephisto

To: William H Huebl who wrote (44621)	11/19/1999 6:10:00 AM
From: epicure	Read Replies (1) \| Respond to of 94695

I agree with you- and yet I have buy signals on the banks, a lot of the semis look like they might go to new highs, lots of buy buy buy signals out there. SO I wonder WHAT to DO? Buy value? I think this might work. Even if there isn't a crash value will work and if there IS some stocks would prosper even in a recession- cigarettes (MO has a dividend of 7.49 and a pe of 10), alcohol, gold, silver, platinum, bargain medical (i'd personally try to buy very low pe, very undervalued) and of course some hedging with Rydex Ursa or BEarx or leap puts way out of the money. So what are YOU going to do? FWIW I am keeping the 401k in cash until we have a significant correction because one can't take a loss in a 401k.

To: William H Huebl who wrote (44621)	11/19/1999 7:12:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Bill, Greenspan is actually the biggest market bull around... when the investors are seeing that Greenspan is watching out for them, that is, to curb any possibility of inflation, they feel very comfortable buying into the markets... these markets are going much higher knowing that someone is alert at the wheel while the rest of them sleep at night.... I don't see any inconsistency here... Greenspan is the market's friend but many people just don't see it..... My Best. GZ