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

To: Oeconomicus who wrote (19475)	5/29/1998 3:24:00 PM
From: yard_man	Read Replies (2) \| Respond to of 94695

Why would anyone want to hold over the weekend. Too much going on. SELL, SELL, SELL ... There, let's see if that does it?

To: Oeconomicus who wrote (19475)	5/29/1998 4:35:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 94695

Thanks .. so then the first $481 million per week just covers overhead. Good to keep in mind. Again thanks. Gersh

To: Oeconomicus who wrote (19475)	5/29/1998 9:38:00 PM
From: James F. Hopkins	Respond to of 94695

R.D. New figures out now it's $7 Trillion in Funds. At least that's what CNBC said today. So lets just say $.5 Billion a week for expenses. Funds trade cheap , and when they trade the spread is not counted as an expense. Program trading on the NYSE is running 20% of the volume * mostly index funds * My conservative guess is the rest are trading at least 40%..so lets give them 60% of the volume how much is getting eat up each week with the spread ? -------- Some how I came up with an average share price some time ago, and used an 1/8th spread , and figured the current volume and the way stocks are being churned the cost of trading them over about 9-1/2 years would be as much as they are supposed to be worth. The whole thing is just one big Ponzi Scam..not only could less than 10% of the investors not get their money out before the value of most shares would drop to zero..if they don't keep getting new blood it will dump. For the market to just to stand still takes a lot of Buyers, with New Money just to cover the expense, dividends do not come close to paying the overhead. It's not like a 50/50 deal with winners and losers ..expense prevents taht. It simply must have some new money coming in or it sinks under it's own weight. The market is a myth in more ways than one , it's got more polish than the gimmicks at a carnivel but if you take it apart under the surface the same sort of huckster type tricks are all at work. It will keep going as long as we keep getting new blood.. when that stops the insiders will grab theirs and run like hell. Jim