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

To: Jack Clarke who wrote (14241)	2/17/1998 7:35:00 PM
From: Bonnie Bear	Read Replies (2) \| Respond to of 18056

Jack: At age 40 I face the same problem as the typical baby boomer. One can only assume that in twenty years the S&P stocks will be offering dividends again. I don't want to be caught still holding cash when interest rates go back to 3%, something I never thought I'd see in my lifetime. It's a rude awakening for me, so I'm getting forced into being a bull in self-defense. Cautiously, mind you! Any cash held since 1994 has lost over half its value relative to the S&P. Where do you think interest rates are headed? I'm trying to get some guesses from the audience. And yes, it's like the top of 29, only they didn't have derivatives holding up the market in those days. Who to sell to? (1) the company buys them back. This is part of the reason the market has been going up. Scarcity creates demand. (2) At a global level, the stock market and potential equities market is in its infancy. Children in South America may buy them. At a global level it seems to me that all this money will tend to redistribute over time towards areas of underinvestment and create jobs in places where labor is cheap.

To: Jack Clarke who wrote (14241)	2/17/1998 10:28:00 PM
From: Simon	Read Replies (4) \| Respond to of 18056

Hey Doc: With all the chatter going on. Did anybody notice that msft lost about $ 3 today, and Lucent dropped 1 1/2 or something after being up a point? Nobody on cnbc seemed to notice. Seems like they are all too busy doing the Dow 8500 jig. Guess I need to get my jar of honey and go out and see if I can stir up a bear. Damn they got scarce. We need some old time cartoonist. I'm getting sick and tired of "the mother of all wars",Lewinsky,Clinton,Dow 9200, and few other things I won't mention. Think I will hang a sign up: "Gone fishin."