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

To: Bonnie Bear who wrote (9364)	11/25/1997 4:21:00 PM
From: John Hunt	Respond to of 18056

Bonnie, Are you saying the Fed is involved in 'Pump and Dump' ? ... I am truly shocked ! If you can't trust a kindly, old man with a liking for big words, who can you trust? <<< ggg >>> John

To: Bonnie Bear who wrote (9364)	11/25/1997 4:22:00 PM
From: Cynic 2005	Read Replies (6) \| Respond to of 18056

To all: Breadth update: Today new-lows outweighed new-highs about 17 to 10 (170 to 106) - as of 3 PM. More breadth stats: 16:17 S&P 500 ADDS 0.4% WHILE RUSSELL 2000 FALLS 0.2%. 16:13 NASDAQ UP 0.1% WITH 18 WINNERS VS 25 LOSERS. 16:10 DECLINERS OUTPACE ADVANCERS ON NASDAQ BY 25 TO 19. 16:10 ADVANCERS MARGINALLY OUTPACE DECLINERS ON BIG BOARD BY 15 TO 14. 16:09 DOW INDUSTRIAL ADDS 0.5%, TRANSPORT INDEX UP 0.4%, UTILITIES UP 1.2%. Other stats: 16:17 S&P 500 ADDS 0.4% WHILE RUSSELL 2000 FALLS 0.2%. 16:17 30-YEAR U.S. TREASURY BOND YIELD DOWN 3.2 BASIS POINTS TO 6.045%. 16:16 GOLD INDEX FALLS 2.2%; DEC CONTRACT OFF 1.1% TO $300.50/OUNCE. 16:15 DOLLAR CLOSES DOWN 0.01 TO 1.67 AGAINST GERMAN MARK. 16:15 DOLLAR CLOSES UP 0.4 TO 127.25 AGAINST JAPANESE YEN. 16:14 PSE TECH INDEX ADDS 0.7%, NETWORKERS UP 0.6% AND CHIPMAKERS UP 0.6%. 16:09 DOW INDUSTRIAL ADDS 0.5%, TRANSPORT INDEX UP 0.4%, UTILITIES UP 1.2%. 16:09 NEARLY 577 MILLION SHARES CHANGE HANDS ON BIG BOARD. The new highs on NYSE: A C M GOVT INCM FD INC ALBERTSONS INC ........grocery/food ALLTEL CORP DEL........utility AMERICAN ELEC PWR CO INC........utility ATLANTIC ENERGY INC N J........utility BALTIMORE G & E CO........utility BELLSOUTH CORP........utility BLACK HILLS CORP C C B FINANCIAL CORP C M S ENERGY CORP........utility C P C INTL INC ....... food CALIFORNIA WATER SVC CO........utility CENTRAL HUDSON G & E CORP CENTRAL MAINE POWER CO........utility CENTRAL VT PUB SVC CORP........utility CENTURY TEL ENTPR INC........utility CILCORP INC CONNECTICUT ENERGY CORP........utility CONSOLIDATED EDISON CO........utility D P L INC DEAN FOODS INC .......food DELTA AIR LINES INC DEPOSIT GUARANTY CORP DOLE FOOD CO INC ........grocery/food DUKE POWER CO........utility EASTERN UTILITIES ASSC........utility EDISON INTERNATIONAL INC........utility ENOVA CORP F P L GROUP INC FAIRFIELD COMMUNITIES INC........utility FLORIDA PROGRESS CORP........utility FUND AMER ENTRPRS HLDGS G & L REALTY CORP G P U INC GRAY COMM SYS INC........utility GREAT ATLANTIC & PAC TEA HANCOCK JOHN INCM SEC TR HANCOCK JOHN INVESTORS TR HOUSTON INDUSTRIES INC I E S INDUSTRIES INC IDAHO POWER CO IDAHO........utility INTERCAPITAL INCM SEC INC INTERSTATE POWER CO IPALCO ENTERPRISES INC LA Z BOY INC LONG ISLAND LIGHTING CO........utility M C N CORP MANOR CARE INC MINNESOTA POWER & LT CO........utility NABISCO HOLDINGS CL A......food NEW YORK STATE E & G CORP........utility NIPSCO INDUSTRIES INC NORTHERN STES PWR CO MN........utility NOVO NORDISK A S O G E ENERGY CORP........utility OFFICE DEPOT INC ONEOK INC ORANGE & ROCKLD UTIL INC P G & E CORP HLDG CO PHILADELPHIA SUBN CORP PIEDMONT NAT GAS CO N C........utility PIER 1 IMPORTS INC PINNACLE WEST CAP CORP PIONEER HI BRED INTL INC PORTUGAL TELECOM........utility PRIMARK CORP PROTECTIVE LIFE CORP PUBLIC SVC CO NEW MEXICO........utility PUGET SOUND ENERGY INC........utility RITE AID CORP ROCHESTER G & E CORP SARA LEE CORP........grocery/food SECURITY CAPITAL INDL TR SIERRA PACIFIC RESOURCES SOUTHWEST AIRLINES CO STERLING SOFTWARE INC SYSCO CORP........grocery/food TIMES MIRROR CO TRANSCANADA PPLINE LTD ........utility TRINET CORP REALTY TRUST U S AIRWAYS GROUP INC UNICOM CORP HOLDING CO UNITED ILLUMINATING CO........utility ???? UTILICORP UNITED INC........utility ???? VAN KAMPEN AMER CAP BD FD VULCAN MATERIALS CO W I C O R INC WESTCOAST ENERGY INC........utility WRIGLEY WM JR CO........grocery/food Despite the weak breadth, at the close, DOW up 41. Nasdaq 2 and S&P about 6. Conclusion: THIS IS A BIG BULL-TRAP!! IMHO!!!! -Mohan

To: Bonnie Bear who wrote (9364)	11/25/1997 4:45:00 PM
From: yard_man	Respond to of 18056

I think we're taking a more subdued approach to Christmas this year, Bonnie. Just feeling the need to be short something as I am still long a few issues waiting for the Dec/Jan bounce to get out. Going to be interesting to see where we are next summer. So much apocalyptic talk on the markets. Not expecting a crash, but a bear market looks more than likely. Huge burgeoning debt is nothing new, right? I just wonder where the equilibrium will be reached. I had a friend who bought Telmex in the Mexico meltdown a couple of years back -- he did alright! Knew someone else who bought Cifra right before the meltdown -- what a difference in results?!!