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


To: Mike M2 who wrote (15568)4/27/1998 5:14:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 18056
 
Howdy all, it feels good to hide when the market is soaring. -g- If you can bear with me, I have a Bad Breadth Alert

Today

NYSE: NH = ~10; NL = ~30; NH-NL < -10
Nasdaq: NH = ~40; NL = ~160; NH-NL < -120

You better pay attention! This number, coupled with the sentiment (all I am hearing is that this correction is healthy and the dip will be bought) is much weaker than in Late October. Bulls, run for the hills. You ain't got much time.

-MMV



To: Mike M2 who wrote (15568)4/28/1998 7:30:00 AM
From: geewiz  Read Replies (1) | Respond to of 18056
 
Mike or other threaders,

Opinions on Bob Rubins' hurry to reassure the market that rates won't rise? I would like to believe it was guileless; I suspect it is preparation for his next career after the treasury; CEO of Goldmann??

WHY is the treasury so concerned about a healthy correction in a bloated equity market? If it's treasury policy instead of Rubins' ambition, what's the reason? Fear of the correction spreading to Asia again?

Appreciate any thoughts,

best, art