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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Dwight E. Karlsen who wrote (17402)4/27/1998 9:47:00 AM
From: James F. Hopkins  Respond to of 94695
 
Well I track several paper portfolios, and gropes of funds,
one that I focus on a lot has only 15 stocks in it..
These are the MEGA caps..that 15 has over 2 Trillion in market
cap, and effects the market like the moon effects our tides
after all ( I'm not sure if ALL the nasdaq has 2 trillion in
it yet )..any way these megas as a grope are allready down
4% from early April..ripe for a pull back is an under statement
by Bob. B. we are already pulling back..some of the indexes
mask this..as the thinly traded stocks can hold the indexes
up for a while..as these Megas ease out the back door.
Then to shout comes "fire" ..and the big herd starts out the
door..and then the indexes start to show the loss that was already
in them.. but masked.
Jim