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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (5614)	3/27/1998 9:01:00 AM
From: Joey Two-Cents	Respond to of 18691

Treasury redemptions and M3 growth of 10% do not bode well for bonds and stocks. We live in interesting times. biz.yahoo.com biz.yahoo.com tampabayonline.net

To: Pancho Villa who wrote (5614)	3/27/1998 9:12:00 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 18691

Pancho, re money flows, CNBC reported this morning that $4 billion and change went into equity funds in the latest week (ended Wed) and that the four week moving average is over $3 billion. Are people not spending money any more or are they running up their credit cards for food and rent and playing the market with the "savings"? Maybe they are using the money they set aside to pay taxes next month? Is there any limit? Hell, the Nikkei made it to what, 40,000? Dow 40,000 guys! Why not? As they keep reminding us on CNBC, "all the fundamentals are in place" - low inflation, low interest rates, baby boomers saving for retirement, record low unemployment - so what's to hold the markets back? Bob? PS: WSJ front page - "Corporate profits fell 2.3% in the fourth quarter, their steepest decline in nearly four years..."