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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: PaulM who wrote (8108)	3/7/1998 7:01:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116764

Hi- Hope to run into my acquaintance who is a great market timer..he called this last lift off and some other liftoffs...he doesn't appear to pay attention to fundamentals but to certain indicators ..ie mainly sentiment. before he thought the s&p could go to 1100.. I will report back when and if I run into him.. Heard Bill Seidman on CNBC yesterday say he expected another 10 percent rise in the market..he said that institutions etc were willing to pay higher multiples because of low inflation etc..his caveat was that if salaries rose above productivity..the bull market would end. five or six years ago I heard some market analysts talk at the YHMA(sp) here. Some expected this bull market to run until 1999.. no mention was made of year 2000 problem...As I posted before, I find it uncanny how some long term market timers, have actually predicted the unfolding events without knowing about Asian crisis..el nino effects etc...it is the market a reflection of human psychology? is the market self fulfilling? etc beats me.. I agree with your observations .. I don't know how to factor in all the short sellers and put option buyers etc..it seems there are so very many market forces.. If one has enough money...huge money..it would seem as if short term that huge money could affect the market..So if that huge money thought that people expected a real selloff, it could force the market up short term and wipe out all those people who rushed in to buy the "surething" put options on the indices and fry them.. I know I am rambling..just thought you might want to know what is running through my mind.. I am certain smart money is now moving into the energy sector and natural resource sector etc since the world isn't coming to an end (the last I have been told)and out of high tech etc..