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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (9297)	11/24/1997 8:18:00 PM
From: Tommaso	Respond to of 18056

Well, Zeev, ever since Joe brought up the Remy Martin I had been quietly smug that I had a bottle but now I see that I am just nowhere in the cognac department. I guess I could just take my single-malt and the Remy Martin and what's left of the Benedictine and mix it up with some orange juice! Now how can I be one up. Well, once in Lausanne someone gave me some cognac from 1864. Fact. But meantime Franzia Box Mountain Chablis is not too bad in quantity. And in fact, for quantity, the cheap French brandy Jacques Cardin is not all that inferior to the Remy Martin and costs about one-fifth or less. It's cheaper than most American brandies. I am going to get some right now.

To: Zeev Hed who wrote (9297)	11/24/1997 8:24:00 PM
From: Don S.Boller	Respond to of 18056

Zeev: I envy you - we only have 1 r 2 decent restuarents in this area which seem to think that our OR pinot noir (at twice retail ) goes with all. Bordeaux and some lesser known CA zins are my ticket. Think the rampaging bears on this thread should certainly bank some chips (but not all) as events unfold in Asia. Greatest mistakes I have ever made were in believing my on b.s. and not grabbing some decent profits when handed in windfall form. Thanks for your reply. Don

To: Zeev Hed who wrote (9297)	11/24/1997 8:37:00 PM
From: Bilow	Read Replies (1) \| Respond to of 18056

Hi Zeev; I'm interested in just how over-valued this market is, so I looked up corporate net cash flow data from the St. Louis Federal Reserve Bank data: stls.frb.org Next, I'll go looking for total market capitalizations and take a ratio, maybe compare it to bond yields. (I'm pretty simple minded.) cncf -- Corporate Net Cash Flow (SAAR, Bil.$) DATE CNCF 1959 164.1 1960 162.7 1961 164.8 1962 192.5 1963 206.6 1964 227.8 1965 262.2 1966 286.2 1967 286.4 1968 300.4 1969 310.1 1970 310.0 1971 360.4 1972 421.6 1973 511.7 1974 571.6 1975 598.3 1976 684.7 1977 804.4 1978 940.5 1979 1063.2 1980 1048.7 1981 1148.7 1982 1131.3 1983 1298.8 1984 1461.3 1985 1496.7 1986 1375.9 1987 1650.5 1988 1884.4 1989 1811.9 1990 1874.2 1991 1901.2 1992 1997.5 1993 2115.4 1994 2384.0 1995 2502.0 1996 2627.2 1997 2764.4 (est) 1996.1 638.9 1996.2 656.5 1996.3 660.5 1996.4 671.3 1997.1 675.5 1997.2 684.4 1997.3 693.5 (est) 1997.4 711.0 (est) -- Carl

To: Zeev Hed who wrote (9297)	11/24/1997 9:47:00 PM
From: Elllk	Read Replies (1) \| Respond to of 18056

Zeev Stock and bond markets have a short day Friday and some commodity markets are closed. It usually is the lowest volume day of the year and generally does not provide much in the way of fireworks but with low volume it could get pushed either way. I don't know what to think about it. Why do you already see it as a strong rally? Larry