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

To: Oeconomicus who wrote (19569)	6/1/1998 12:08:00 PM
From: jef saunders	Respond to of 94695

spx cash now at 1097.77 bob, you would expect cash levels to be very low in a strong bull market. my point is that money continues to flow in 1998 ... supply and demand = bull here. i agree though that the more recent numbers are showing the nervousness...let's hope it goes to panic. ed hyman was on cnbc today...manages 1 billion in bonds. says that financial crisis in other areas of the world have been good for u.s. markets. he's expecting the downturn in stocks to continue another month, pulling a number out of the air, 8300 on the dow, then the bull continues. jef