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To: Bill Harmond who wrote (110807)10/19/2000 12:47:23 PM
From: GST  Read Replies (4) | Respond to of 164684
 
William "We are not in a bear market" I am going to turn this into a wall size poster with your picture on it and ask you to autograph it for me before I mount it on my living room wall. Exactly what do you call a bear market?



To: Bill Harmond who wrote (110807)10/19/2000 12:59:05 PM
From: GST  Read Replies (2) | Respond to of 164684
 
William "More money has been (and continues) coming into the stock market than going out."

I don't know about redemptions -- I have heard there have bee negative flows lately -- of course it is irrelevant anyway. Markets can and do go down all the time with positive money flows. Just one other point -- about the two trillion dollars are market cap that got erased, where is it? Who has got that two trillion? Quite simply, nobody. It no longer exists. It went to money heaven. Two trillion dollars. I am not actively tracking it myself, but the business news guys say that margin debt is as high as ever. "Crap, where did I put that $2 trillion, I must have left it around here some place - where could it have gone?"



To: Bill Harmond who wrote (110807)10/19/2000 2:04:10 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
On what do you base this conclusion? (serious question)



To: Bill Harmond who wrote (110807)10/19/2000 2:58:28 PM
From: Eric Wells  Read Replies (1) | Respond to of 164684
 
We are not in a bear market, GST. More money has been (and continues) coming into the stock market than going out.

William - I believe you are right - money has been coming into the market over the past six months - and then evaporating. It may not be a bear market - but it certainly is an evaporative one.

-Eric