To: donald sew who wrote (37295 ) 3/25/1998 8:08:00 AM From: j g cordes Read Replies (2) | Respond to of 58727
Don, Patrick will be pleased to see a full moon occuring sometime around your predicted high. I figure about the same because of tax considerations and the fact that moss grew well this winter and because we'll have early and extended termite swarming due to El Nino. All kidding aside, this market has imo gone into manic-drive in large part due to demographics, low inflation, the Asian mess transferring agressive capital to our markets from theirs, the fall of the USSR, Allen Greenspans marriage and good management of money supply, the crossover of industrial > to networked manufacturing, services, just in time delivery production and an abnormal high employment + downsizing of worker benefits per increased productivity per invested dollar concentrated in a heightened communications and more efficient wealth transfer system that compounds news and has made the funds and average investor completly fearless. What's a top? An analyst like Acampura comes out and says 10,000 and the message is distributed so quickly that the new ceiling is realized within a month. Back to your question... sure we could have the usual run through the end/beginning of the months, but will that result in the usual correction? I think its best to have amunition at ready for that possibility, I'm also cognizant that my last few put efforts were the least profitable and in one case a loss... while being long has paid. Others are thinking the same thing no doubt, perhaps with more conviction. So what's the trigger.. interest rates, oil, civil unrest, a coup in Russia, Asian problems.. none of these have deterred things. We keep rotating through groups making them all go higher and higher. Sorry to offer more questions than answers. Probably time for what we least expect. Jim