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

To: Beachside Bill who wrote (15255)	3/30/1998 3:23:00 AM
From: Mike McFarland	Respond to of 18056

JEF and boasting "Jefferies Group, Inc. is a holding company engaged in securities brokerage and trading, corporate finance and other financial services. For the fiscal year ended 12/31/97, revenues increased 48% to $764.5 million. Net income increased 46% to $63.6 million. Revenues benefitted from higher commission led by ITG and the Equities division, and trading gains in the Taxable Fixed Income division. Earnings were partially offset by an increase in salaries." But I see from the research link that nobody covers this stock with any rating, at least for the data set that is used by quote.yahoo.com Question Beachside Bill--how did you stumble across this stock, did the chart grab you, see a blurb in the Journal? A nice find for sure so far. Second queston, for Bonnie Bear or Bill: If we see a little spike in rates over the next few weeks, you would expect the financial stocks like JEF to take a little hit right? Would that be a buying op, these have run so high so fast, seems dangerous. Finally, what was that exchange between you two about how your investments have returned this year so far? A lot of people like to show off their gains on these public threads, I too am just itching to state for the record how well I have done. But so far I for one have kept the boasting confined to private messages. Not that you two should--but what is the motivation behind it: I would be worried somebody would start buying my ideas and then I'd be wrong. Anyway, let's see how we have all done at year's end--I have a feeling some of our returns will be a lot lower. That said, I guess I'm a bit of a hypocrate, since I frequent the 1000/week thread, where we pretty much boast about our trades, he he. I for one am feeling mighty bearish right now, and I would not be putting any money into a financial stocks, maybe because I have never understood them. Likewise I think this rotation into the energy stocks is nonsense, just a dead cat bounce as they say. I'd stay away from anything to do with computers and the internet. Can't say I'm too enthusiastic about the metals either with the specter of world disinflation {tho xpct a .25 percent jump in fed funds this fnmoc round--correct jargon?} So where does a bear like me put his money, besides cash of course. Thanks ahead for any of your thoughts, I'd ask Mohan but this seems to be the Bonnie and Bill thread for the time being, and I've always enjoyed your posts, if not having always agreed with them. Right now I am hoping for a 5-10% dip in the US, hopefully that could spook some of the SEA's down, at which time A Taiwan or Chinese CEF, or the Malaysian WEB might be a good deal. Also, if the Nikkei stops getting support in early April, perhaps that could scare things down in SEA a bit more too. Have already traded the bounces in a couple things for some gains--but am getting ready for a buy and hold type of investment. Poland was my other idea, I saw Bonnie mention Poland recently once too, and a recent issue of the Economist forecast good increase in economic growth for the coming decade, versus the past decade. The bar graph also looked good for Brazil and Hungary if I remember correctly. Of course there are always things to trade in US techs, but that's a discussion for the specific threads--I mainly wanted your opionion's regarding the sectors I stated as having being bearish on, and my overseas ideas. --Mike