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

To: Imran who wrote (10397)	11/25/1997 11:40:00 AM
From: Cynic 2005	Respond to of 94695

Imran, I am short because I think that this market is running out of buyers. For the long term uptrend to continue, we need investors, not traders. But, short-term traders too are not very comfortable in this market. The manipulation by Fed can only go to certain extant. Even the Fed is too small to resist the market forces. Resistance is futile. -Mohan

To: Imran who wrote (10397)	11/25/1997 11:45:00 AM
From: Tommaso	Respond to of 94695

"Being short the market, in general, is playing against a stacked deck for now." Are you agreeing that the U.S. Government, specifically the Fed, is intervening to make stock prices go higher? The Fed has authority to set margin rates for stock purchases, and if it wanted to it could lower these from 50% any time. I don't know of any authority to execute transactions in options or futures that are linked to the stock market. Alan Greenspan is a closet goldbug--or certainly used to be. All he has to do is give a sigh of misgiving over high stock prices and a lot of people sell stocks. He has made it clear he thinks the market should be at least 20% lower than it is. It seems more likely that if anyone has the government on his side, it's a person who is short on the major stock indexes. However, your advice to sell stocks and get on the sidelines is very good advice for most people.