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To: jmac who wrote (1501)1/28/2000 12:55:00 PM
From: Cosmo Daisey  Read Replies (3) | Respond to of 35685
 
jmac,
Reality is coming into the market. The big, make that huge performers of last year aren't going to be the percent leaders this year. The market is looking for leadership and can't find it. Funds trying to support the market but they are running out of money. I think we are in for a long decline with negative flow. I imagine the margin calls are going out to clients now. The margin loan balance is at the historic highest it has ever been right now, thats going to change and stocks are going to continue to sell off. Many new investors opened their margin account with a credit card loan, where is the money going to come from? Our favorite stocks have reversed momentum. The sell off starts with stocks that hold portfolio profits with the losers being held until the end.
cdaisey@outta-the-market-on-the-sidelines.com