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To: j g cordes who wrote (40045)4/16/1998 11:13:00 PM
From: Gersh Avery  Respond to of 58727
 
jg Re:"Devil's advocate.. the fund managers have been terrified at not beating the S&P, which makes them all look stupid.. so they've all been putting every dollar in to work the minute it clears the bank. The only way to raise cash is to sell, which would be a race for the exits if it ever starts... inflows are holding but no cash piles waiting to be delivered."

Well..if that be the case then it's kinda like:

"Hey Dave .. we can't go surfing at low tide."
"Bill it's noon. that's high tide time."
"OK but then how come the water is so low."
"Bill .. drop the board and get back into the car now...."

Perhaps the Japanese know what a bubble looks like.

Gersh