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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (15333)	11/16/2002 4:06:18 PM
From: DebtBomb	Read Replies (1) \| Respond to of 30712

i'm reading, funds are going to do it, in techs, high volatile stuff, to try to make their year, like last fall they're hurting, their performance sucks and everyone knows it so, they're going to dog-pile in techs here, imo these fund guys don't care and everyone can see that they want to try to make their year here, (lol, good luck guys) yes, this is the stupidest rally ever, worse than last fall, ggggg, but it didn't matter much then either can't you hear them now on tv, 'nasdaq broke through double top, new bull market', ggggg they also want to get the individual in here, fund flows positive, then, party over imo, ggggg

To: mishedlo who wrote (15333)	11/17/2002 1:53:32 AM
From: LTK007	Read Replies (2) \| Respond to of 30712

Well you got me digging to and i found something via Singapore:), and this indicates PFs are NOT feeding this rally.(regards it does not matter, it does i feel; as speculative casino driven Big Time traders money FORCE FEEDING and pushing a rally (Brokeragees Hedge Funds, the big time trading houses,etc.) are rallies, if identified, will let you know, it will once it plays itself out, will crash and burn, once the boss-hogs feel it is time short the hell out the market and let it plunge; massive electronic trading with House traders with huge sums of trading cash are "changing the rules"(but is a game that will kill the non-trading public, and that stinks) Primary drive here seems to be extreme intermediate pump and dump rally in techs. I have said, unless you have seen these massive pure trading rooms, you can not, i feel grasp how EASY it is to ARBITARILY run the market. Think 1,0000 traders working for one outfit under the rule of a boss-hog trader, all in one vast room. That is why i do not bet against a bullish chart when i sense fast money is in play. These stocks are being run up and down traders, i bet actual investment dollars are a MINOR % of the money involved. Here is item i dug out of Dow Jones search <<Global investors switch out of equities and into bonds. By Neil Behrmann in London. 11/12/2002 Business Times (Singapore) (c) 2002 Singapore Press Holdings Limited This explains why stock markets have not reacted to interest rate cuts GLOBAL stock markets are failing to respond to interest rate cuts, partly because of the institutional trend of favouring bonds over equities. US, European and Japanese pension funds are switching out of equities into bonds and higher yielding assets, according to a survey by Greenwich Associates. A tiny proportion of their assets is being invested in alternative investments such as private equity and hedge funds. The sharp cut in rates failed to spur Wall Street and other stock markets, mainly because of cynicism on the part of pension fund managers and other investors. ) edit--that little comment may be the most important comment i have read in sometime in a press release.max The market had rallied in previous weeks, partly in expectation of such a move, London and New York brokers said. As the market had expected only a 25 basis point cut, the actual 50 basis point chop has generated fears about the strength of US business. The S&P 500 index has rallied by 19 per cent since its autumn lows of around 780 points, but it is now encountering resistance, brokers said. Much depends on the outcome of the Iraq crisis and whether warning shots and the build-up of US military pressure and presence will at last force Saddam Hussein to buckle. If there isn't a war, the market could break through resistance levels, brokers said. (edit--the UN. Resolution 1441 should be noted moved up the final evaluation for Iraq by 30 days, thus given the U.S. the ability to attack starting in the month of January,so we have a very tight time frame on this matter, we will know if there will be or will not be war in less than 3 months, and if war it will be commencing post-haste--max) In the meantime pension funds and other institutions have become exceedingly cautious. In the UK, Greenwich Associates surveyed 390 of the largest corporate and municipal pension funds. The scale and volatility of the bear market and inadequate income to fund liabilities caused pension funds surveyed to cut their equity allocation to 43 per cent of total assets in 2002 from 47 per cent in 2001 and 49 per cent in 2000. Funds are moving more assets into fixed interest securities to build up income and the proportion rose to 23 per cent of total assets in 2002 from 21 per cent in 2001 and 19 per cent in 2000. Investment in property has also risen. Fund expectations disclosed to Greenwich Associates indicate that these trends will continue. The initial response to US interest rate cuts has been US dollar weakness and foreign exchange managers caution that there is a risk that the currency could slide further. If any downturn is small, there will be minimal impact on Wall Street and the stock market will range-trade. If there is a sharp slide, US bonds and stocks will be under pressure, they say. The fear in the markets is that there is very little powder left in the Federal Reserve Board keg, following the half percentage point cut to 1.25 per cent. Longer term, the US economy will outperform Europe, especially Germany. But in coming months, there is a risk that the US dollar could be shunned. Since the European Central Bank and Bank of England kept rates unchanged, there is not much incentive to buy dollars. Three-month sterling money market rates of 3.75 per cent, for example, now compare with miserly dollar rates of 1.35 per cent. UK bond yields and dividend yields are also much higher than those in the US, so there is not going to be a rush from London to Wall Street. The same applies to eurozone investors. Direct foreign investment and acquisitions of US corporations have also shrunk. The result is that the US is struggling to attract capital inflows to finance a current account balance of payments deficit of around US$40 billion a month.>>>