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

To: Cynic 2005 who wrote (11931)	12/19/1997 4:22:00 PM
From: eddie r gammon	Read Replies (1) \| Respond to of 18056

But if we do have a big down day, there will just be a flight to quality like they did today with MU and GTW (G) erg

To: Cynic 2005 who wrote (11931)	12/19/1997 5:17:00 PM
From: Amots	Respond to of 18056

Mohan. cbs.marketwatch.com <<"I think most of the damage has already been done and you're being handed a God-given opportunity to buy the Intels, the Microsofts, the Applied Materials, the Sun Micros, and the other great technology companies," said Frank Cappiello, president of McCullough Andrews & Cappiello, and chairman of the Cappiello mutual fund family. "Every once in a while, you're given that opportunity. This is one of them.>> Are we going to get "God-given opportunity" on puts price next week <g> Amots.

To: Cynic 2005 who wrote (11931)	12/19/1997 5:19:00 PM
From: Jack Clarke	Read Replies (2) \| Respond to of 18056

Mohan: I think you're right, as usual, but it's hard to put up any big money against those dipsters! Those guys are serious! But today wasn't any bull picnic, either. No, it was certainly not our long-awaited BK, but definitely another down day in the latest string of down days, and if it keeps up at this pace, a stealth bear market will get defined pretty soon. So, bears, for now back to the caves for the weekend. Lick wounds and let's see if Mohan's Tuesday down day happens. Good weekend to all. Jack

To: Cynic 2005 who wrote (11931)	12/19/1997 6:12:00 PM
From: Real Man	Respond to of 18056

So, BK thread became bullish. When this thread becomes bullish, I'll increase my short/cash ratio to 50% from 25% (ggg).

To: Cynic 2005 who wrote (11931)	12/19/1997 7:00:00 PM
From: Defrocked	Read Replies (4) \| Respond to of 18056

The following is in no order of importance but are all reasons I will remain bearish stocks.FWIW. "Weaker demand for Canadian commodities and the C$'s needed to pay for them have helped send the currency down." Bloomberg Dec.19 12:57EST Grains and most commodities are lower. Japanese yen lower against US$ despite huge intervention on Tuesday night. Nikkei nearing yearly low, portends additional bankruptcies in financial and non-financial sectors. Keep sights on mainland China stocks and liquidity needs. Real selling occurred this morning, the Dec. expiration had small buy impluses that led to short covering rally and dipsterism. As is typical of expirations, Monday could see a reversal of 200 pt. rally off lows with return of selling. One huge pension fund is implementing asset allocation through Spoo sales and T-bond futures purchases. Indicates some major money is beginning to leave stocks. Yield curve flattened dramatically today sending the 10Yr/3Mo. Spread to 36 bps---the lowest since the fall of '89, a harbinger of the 90/91 recession. See previous post: Message 3011081