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To: Earlie who wrote (26166)12/31/1997 3:50:00 PM
From: IceShark  Respond to of 53903
 
Earlie, "Thought the fund managers would do their darndest to jam prices up to get a better "mark-to-market", and it looks like they are doing just that. Take it up boys, take it up."

Don't 'cha know that it is against the law to post a truth? Everyone and their cousin "knows", courtesy of CNBS and other printed rags, that mutual fund accounting and window dressing ends on October 31! How this Halloween fiction ever got started we will never know, but I suspect it had something to do with wives and girlfriends asking questions about late night outings. -vbg- Hum, I won't be home tonight honey, I've got to .. to ..... let's see, close the books? ...... yeah, that sounds good; I've got to help close the books, and my bonus - your shopping allowance - will be calculated off the results ...... see you tomorrow Dear, and if I smell funny, well we might go out for a beer or two afterwards ......

Regards, DWW



To: Earlie who wrote (26166)12/31/1997 4:13:00 PM
From: Earlie  Read Replies (1) | Respond to of 53903
 
Earlie from Earlie:
As is their wont, the fund managers have come through for me in style as we end the year. Nothing like a good year-end punt into thin markets to boost a relatively narrow market, thus ensuring acceptable "returns" and hence those big bonuses. Absolutely no change in sick fundamentals, but who needs them anyway? Personally delighted, as this is creating a truly remarkable opportunity.

Every investor now knows that the Asian crisis is over, courtesy of the IMF. Thank goodness for the scintillating, in-depth reporting by CNBC on this topic. Every short should say a little prayer for their wonderful work. Perhaps someone will do the simple arithmetic and discover that the IMF simply doesn't have the dollars to solve the problem, nor the means by which those dollars can be raised.
This little Christmas rally (Christmas present to the shorts), will likely coast into the new year, but will have trouble sustaining itself in the face of Q4 - Q1 nasty numbers. Asia has taken a 30 day holiday, but all those ugly debts will still have to be dealt with. The bears are starting to experience adrenalin rush, but are probably best served through the exercise of a bit more patience and discipline......say a week or two. Hard numbers from INTC should help to get the party underway.

Best of the new year to all participants on the MU forum.
Regards, Earlie