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

To: Cyclops who wrote (46634)	4/3/2000 1:30:00 AM
From: Gersh Avery	Respond to of 94695

Some review of recient events .. Tiger .. Their method tended toward FA in how they did things. This had them long "old" stocks and short "new" stocks. They closed both sides. As they closed both sides "old" stocks went down in price and "new" went up. I believe that Tiger has finished it's close. This was also end of year for Japanese funds. They are required to have a percentage of their holdings in Japanese stocks. This caused some Foreign holdings to shift over to Japan from the US markets. On Friday you could see some of the results of the end of month window dressing from US funds. End of month window dressing continues for the first day or two of the next month. We are still in that season. Japanese postal bonds have now started to mature. I believe that 4/1/00 is the first date that any of this money will be looking for a new home. There is 1 trillion dollars (not yen) worth of these that are maturing over the next two years. I believe that much of this (as much as half) will come over here .. perhaps limited to the US bond .. but I doubt it. FWIW Gersh