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

To: Lucretius who wrote (60994)	11/20/2002 8:19:08 AM
From: robert b furman	Respond to of 94695

Well perhaps if taken over a short term perspective. Let's say you've been successful and are retired.You've salted away 10 million to "work for you". You've also watched that income get cut by almost 60-70 % over this bear. You've got your toys - boats RV's whatever of course both homes AND your passive fixed income has been cut by 60-70 %. You keep living in a nice lifestyle - cut here cut there and the income just keeps dropping. You're smart enough not to jump into bonds - which are at a 40 year plus bubble. You decide to get into real equities with real products that maybe even pay a real dividend. I'm just saying there is a ground swell of money leaving Money market funds and going into the blue chippers of many sectors. This trend - if continued - will serve to soak up the float created by the last 2 1/2 years of successful shorting. The dips get less volatile. Shorting isn't easy anymore and pretty soon you put in a double bottom (July & October). It's not that far off from what happened in 1998 - double bottom also went in on October but 2 days later on the 18 vs 02's bottom on the 16. This go round took much cheaper rates to scrap the effects that the bears fear has created. It is afterall just supply and demand. JMHO Bob