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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (19016)	2/21/2001 12:38:56 AM
From: A.L. Reagan	Read Replies (1) \| Respond to of 19374

they flee to treasuries and cash equivalents to wait out the storm. We have not seen significant evidence of this yet What do you make of the huge increases in money market fund assets? Temporary repository of the liquidity injections? Where will this money go, especially if S/T rates continue to decline? (It can certainly go to lots of places other than U.S. equities, but history implies when reserves are injected a goodly chunk tends to find its way into equities.) Conversely, I'm still scratching my head over the fundamental reason that when the 12-year NAZ crossed above the top rail of the trendline in '98 that ipso facto we have new support, the breaching of which is calamitous. Seems to me we ought to equilibriate into that longer term trend, or some regression to the mean, especially since the fundamental reason for the trend (continued economic expansion) appears to be in jeopardy. After reading way too many posts on SI, this poor player is going to capitulate the SI stage for tonight, and tick, trin and vix my way outta here to be heard no more. Signifying nothing, but hoping like hell not to require the services of the PPT in the a.m.! P.S. Appreciate all the good effort and hard work that goes into this thread.