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

To: IQBAL LATIF who wrote (7070)	10/24/1997 12:13:00 AM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

I am playing a different game, please leave me alone and stop badgering me to go long. I am not interested. I am heavily invested long in S&P long and company stock long in my retirement fund, I cannot sell them. I have told you this before. I have no interest in adding to it I am looking to hedge this with positions under my control. So my interests here are controlling losses/flat markets with gains from short/smallcaps/ADRS. I am setting this up (including long 401K money) as 30% long, 30% short or bond, 30% cash, 10% trading kitty. So my interests here are in the 30% short and 10% trading. I am spending a lot of time now but also looking at a portfolio setup that doesn't take attention during the day. Again, a totally different game.

To: IQBAL LATIF who wrote (7070)	10/24/1997 12:23:00 AM
From: Bilow	Respond to of 94695

<< as Hang Sang recovers >> As of now, Hong Kong is up 3.74%, basically a DCB from their activity yesterday, and the day before, and the day before.... On the other hand, Germany is not looking very pretty tonight, nor is the rest of Europe, and Hong Kong, and Japan (still trading near its 52wk low) were the only positives in asia. -- Carl

To: IQBAL LATIF who wrote (7070)	10/24/1997 10:21:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Latif, with all due respect, the problem we face is not if Hong Kong goes up or down. In Oct 87 and any other sharp drop we have a reflex rally in same market/stock. The problem that we face as I mentioned before is a fundamental change in the economic enviroment which will ultimately his the stock markets. This fundamental issue is over-capacity almost in every product line and the failure of the real big populus countries to chach up with the standard of living (e.g China and it's SE Asia neighbors and India/Bangaladesh)all in all around 3 billion people who have same intelectual capabilities as ours but ar paid a fraction of our compensation. GDP/capita in the $160 to $2000 range versus $22,000 (I think) in the US. The net result is that it will take a while for income parity and until then I expect market turmoil, substantial pressure on corporate profits and low inflation, due the globalization of the REAL Markets. Net result lower stock prices, big demand of credit, collapse of banks who lended freely etc. We already are seing the some indications. Happy trading Haim