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


To: Haim R. Branisteanu who wrote (43261)3/16/2000 8:38:00 AM
From: swisstrader  Read Replies (1) | Respond to of 99985
 
Numbers must be good, futures raging!



To: Haim R. Branisteanu who wrote (43261)3/16/2000 1:00:00 PM
From: Tunica Albuginea  Respond to of 99985
 
Haim, I am back to my PC and lo and behold:PPI is up a record
in a Decade and the Dow Dogs are celebrating the event! Told ya!!

I definitely agree with you that Joe Blow Day Trader is the
last spoke on the wheel.
This is definitely gambling by Institutions and Funds
with your ( our )money ( though I must admit I haven't owned
a fund in 12 years ).

I need to add another thing : Some of the big guys get together
over a golf game and decide to plunge in and out of the
market pool in unison to make their splash count.

A few billion here and there is no big thing but enough
to lift the market
and sucker in enough 401K/IRA money until April 15.

Then everybody dumps , goes on vacation and the party
starts again in in the fall with a new supply of suckers.

Thus the Market Cap is 150% of the GDP.

I think that when this bubble blows it will be a sight to see.
I wonder if Billy will feel our pain then. What do you think?

cheers,

TA

Message #43261 from Haim R. Branisteanu at Mar 16 2000 8:34AM

Tunica, do not blame it on day traders they are just a
fringe of the market.

The real speculators are the big pension funds and
insurance companies there were the money is.

As to Allan Greenspan he is nothing more than a
servant to this administration who realized several year ago
that the stock market is a political tool.

Read today WSJ page A10
Rural Utilities invest (speculates) with billions
of dollars of taxpayer money and subsidized loans instead of
investing in infrastructure

BWDIK
Haim