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

To: Roebear who wrote (15484)	4/21/1998 3:25:00 PM
From: yard_man	Read Replies (1) \| Respond to of 18056

Got some other bigshots reporting soon, MSFT DELL etc. Keep finger on the trigger and wait. I prefer individual issues.

To: Roebear who wrote (15484)	4/22/1998 10:34:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 18056

Roe, this mkt has gone to extremes I would not have thought possible a year ago and it has ignored an obvious deterioration in the fundamentals. One problem the bears face is that Wall St seems to stop at nothing to keep the party going and corporations are doing their part with aggressive accounting and share buybacks. Perhaps the biggest problem is the inaction by the Fed is an implicit blessing of the speculative orgy. There is no doubt in my mind the mkt will fall hard regardless of what the FED does my guess is it happens this year could be anytime but I am just watching at the moment for signs of stalling or exhaustion. It is nice to see the XUA moving up. Mike