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

To: dennis michael patterson who wrote (56285)	7/9/2000 8:30:56 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

DMP, the formula is quite simple ..... there is a tug of war between those still optimistic and those who know the truth and unload at higher prices (mostly big institutions). Quantum, Tiger did not close shop for nothing and Buffet is not aggressive any more, for good reasons. Remember Hedge Funds make their money from profits not a % of assets under management as most mutual funds do, and care less about absolute performance but more about relative performance to an index. Now what WS is selling to the public is another matter all together they need to place those shares somewere. <GGGGGG> As to the present situation ..... at big institutions the amount of shares they have to unload to change allocations are monumental, not mention that even balancing out the winners is not an easy task. On the other side $30 oil prices, a lot of $$$ move to places who need to cover high interest debt and restore their own economies which were on the brink ......... Venezuela, Russia, Indonesia, Nigeria, Kuwait and Saudi Arabia. Those $15 more per barrel is being felt in financial markets, and their effect is relative slow as many are still in denial. P/E will shrink not expand IMHO and the amount of debt of many US companies will not allow for same earnings growth. BWDIK Haim