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

To: Zeev Hed who wrote (9880)	12/1/1997 4:16:00 PM
From: Bearded One	Read Replies (1) \| Respond to of 18056

What are the fundamental moving this market? Well low interst rates and reduction in fear of the Asian collapse (justified? I am not sure, but it seems that to the extent that treasuries are being sold to reliquify the Asian systems it is done gradually and the market is absorbing it well). It's not reduction in fear of the Asian collapse. It's that the collapse occured last week and there's no real news this week. As a character on a popular TV show says, "Bygones. Fast Forward." Nowadays, no news means an upward movement. The entire stock market is one giant momentum play right now. We all know how momentum plays end, but we just don't know when.

To: Zeev Hed who wrote (9880)	12/1/1997 6:35:00 PM
From: Don S.Boller	Respond to of 18056

Hey Zeev: Smart comments about getting out from in front of the train. Seems more like a cyclone (blowing every which way). I too have lightened up on techs, gold, and other assorted, Added some "value sm. caps" and long term zeros. If we don't have inflation??? Then I'm misreading the price of the DJIA...deflation??? Look at the price of "real money" = gold. This is a very good time to have chips off the table. Even when I was a broker (in simpler times) it was difficult to make money on the short side: all the news tends to go-against you....MLPF&S is not going to scream "sell".... we know that. Plus, as some have intimated on these threads - "it's un-amercan to short" <g>. Thanks for your input. Don