Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: paulmcg0 who wrote (17838)	5/3/1998 9:44:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 94695

Paul, Don't remember if you read Barron's. There is some interesting material this week, in particular on about page 69 or so, I think it is, some charts showing foreign money flows into and out of U.S. stocks over the last ten years. There was terrific inflow last year--easily accounting for the last eight months' rise of the market. These flows seem to coincide with the dollar's rise and fall. Again, easy to see that the collapse of the Asian curencies helped this along. Also of interest is an article by Peter Eliades, correlating periods of "choppiness" with the onset of earlier bear markets and finding a similar period a few weeks ago. I am less impressed with this because the data is pretty carefully selected so as to prove his point (even to the point of arguing that longer periods of choppiness mean nothing--only those of aboiut 21 days). Your quotations from Clinton exceed anything I remember reading about from the 1920s coming from a president, except maybe some of Hoover. And I think what Hoover said was meant as reassurance after the crash. I wonder if Clinton realizes just how blandly lunatic his comments are. Actually I am a Clinton supporter and also awfully tired of the Starr investigation, but that does not affect how I see his economic views. I suppose the unending euphoria at this point really might be called "millennial." Funny: at the turn of the last century the dominant feeling was that everyhting was played out--at least that was the feeling in France and England.