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

To: Robert Graham who wrote (18917)	5/21/1998 1:00:00 PM
From: yard_man	Read Replies (2) \| Respond to of 94695

To all: Noticed the put/call ratio today? marketgauge.com

To: Robert Graham who wrote (18917)	5/21/1998 1:57:00 PM
From: Haim R. Branisteanu	Respond to of 94695

Bob I was thinking of another theory of the market slopiness, based on New York real estate market and other observation. 1. Finaly the real estate market is above the 1988 level and this has attracted as usual the public. Many think of taking out money from the stock market and put it into real estate. Lenders are falling all over themselfs to lend those days to any one (so prepare for the next real estate calamity) 2. Many have quite hefty profits from the stock market feel over confident and start to take also some money of the table and just spending it - result strong retail sales for the first time in many year, and brisk recreation/vacation business. After realising that the market stops moving up at a 30% clip the redemtion will increase and people will stop buying the dips. Unfortunatly by then it will be to difficult or to late to start shorting stocks BWDIK Haim