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

To: Lazarus_Long who wrote (11347)	12/11/1997 9:24:00 PM
From: James F. Hopkins	Respond to of 94695

James ; WEBS are like index funds, but they are international in nature, and bought and sold on the AMEX..you buy a web and you are getting a basket of stocks in what ever country you pick, and that basket is manged to reflect the index of said country..it's like buying an index..or say SPY..which mirrors the S&P at a lower price..track SPY vs the S&P..and you will see them going up and down together..so little people like me can buy a basket at a price we can afford, but my tracking the WEBS is more to get a feel of how the rest of the world is doing, the NEWS jerks allways hype one thing or anther, but don't give the full picture. WEBS are also a little like SPDRs, vist the AMEX they have loads of info on them. amex.com Then you may want to set up some paper portfolios with them in it, Yahoo lets you set up portfolios free. putting WEBS in one and SPDRs in another, mutual funds in another, and so on gives a bigger and better view of whats going on than just looking at the DOW etc..like the DOW didn't look real bad today..just kinda..but under her was even a bigger sell off going on..the S&P didn't cave in but it's got a lot of Utilities in it..and they give it cushion..but kick them out and you see some hard selling going on. Most Funds have done fairly good for the year..to lock that profit in they will often ( sell short aginst the box ) so there has been a lot of shorting aginst the box...that way they get money in thier kitties too..when things start back up they will cover, their shorts. But that could be a while yet. I'm not happy with the ay the WEBS look , but they could change fast too..if Korea gets her act together..and you see her index start up good, then KEF is a cheap closed end fund you can get and it will rise fast ( after the Index goes up )..but be carefull Korea has lost a lot..like over 50% so far..and it could lose another 20%..but when pure panic is running in the steets, then that's the time to buy..I'l get some just before the election, as a gamble, just a little..If the new guy gets in I'll sell them at a loss..but if the old guy gets in they will go up. and like with any election it's hard to call..but the incumbent always has an edge. Jim Jim