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To: TechnoWiz who wrote (13037)11/10/1997 7:38:00 PM
From: Mitchel S. Untracht  Respond to of 27012
 
First time this year with approx. 35% cash. usually 100% invested in equities. reasons as follows -

if fed tightens(unlikely), would have a negative effect on market. the only reason for fed to loosen is if us growth is slowing, probably a function of global slowing also a negative effect on equities. probably fed leaves rates unchanged. probably neutral effect at this time

bull markets usually led higher by financials. interesting graph on cnbc re merrill lynch 14% off high in past sev. weeks suggesting financials are no longer leading the way. watching advance-decline line closely. this week could be very ugly.

would suggest all interested in putting money in techs. at this level look up dow jones stories for today regarding cisco and slowing growth in asia.




To: TechnoWiz who wrote (13037)11/10/1997 8:19:00 PM
From: KM  Read Replies (1) | Respond to of 27012
 
TWiz: Well, I didn't see anything out of AAPL today to cause me to hit the cover button. More pie in the sky. If she makes it up to the mid to high 20's, I'll short more.



To: TechnoWiz who wrote (13037)11/11/1997 9:57:00 AM
From: Ann Janssen  Read Replies (1) | Respond to of 27012
 
Hi Tec

Yes, the fund managers aren't going to change much, unless their clients scream for it. With the cap gains and IRA changes we may see them holding onto stocks in the funds a bit longer, only time will tell.

I'm sure there are patterns you can use to time the market but like I told Frank I don't have enough experience to even try it. I'm content to buy stocks hold some forever and sell some once in a while so I can buy more of my favorites. Happy investing.

Regards

Ann