To: Sergio H who wrote (5381 ) 5/29/1998 4:56:00 AM From: Ditchdigger Respond to of 29382
Morning(early) Sergio,well to be honest,I shifted some money market funds,back into overseas funds,yesterday. So I got yesterdays closing price,but I am shying away from the US growth and income fund for now. I think the Euro markets will do well by the close this morning and continue to outperform the US funds. I'm beginning to come to the conclusion,that a correction may be more apt to come in the form of sideways movement.Instead of the Dow going down,earnings will have to come up to meet the price.With so much money floating around from mutual funds,401k's,state retirment funds etc., and many of these funds are bound by obligation to be invested in the market,we may not see a large correction on the Dow. I keep mentioning the Dow,as that is the gauge I use,but many of the small stocks,have already been correcting as you know,and I believe a lot of it is due to, no institutional investing money to prop them up. I am bargain hunting,tryed all day to snatch up a little more USXX between the spread(.72),but they were not giving an inch. Maybe they knew news was coming out and figured they'd hold out for a higher price--maybe not<g>...Still eyeballing NTAH,ask is now at .31 and I think news will send it back to .40,not a bad profit. But of course I'm already getting killed in ROH-T,so take what I say with a large rock of salt<lol>...DD PS: as for Pakistan and India,well we'll have to wait and see,this actually isn't new news,well the testing is,but we've known for quite awhile that they've had the capability.This is another middle east scenerio,these guys have been fighting for hundreds of years over boundries and know no other way of life. What is incredible,is much of their populations are starving,yet they have shelled out beaucop amounts of money for nuclear and missle technology..maybe they need to re-evalute thier priorities<g>..