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

To: James F. Hopkins who wrote (21022)	6/27/1998 2:31:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Jim: most people I know are terrified of REITs because they all lost a huge amount of money in the old real-estate limited partnership scams- I wonder if the feds are willing to crush the market to create a generation who lost so much money in the stock market and rising debt load they are forced into saving. When enough money is lost in a sector or investment it seems to scare off an entire generation of potential buyers. I find it real curious that a collapse in metals prices is followed with a collapse of the currencies holding the assets, so the metals and commodities are now worthless. IMHO one should buy South Africa and Chile when they hit bottom this time. This is why I am holding microcap value funds, we have the heights of speculative mania drawing money into the market at the same time that the depths of a bear market are happening. It will not be obvious where the money is headed until after it moved, unfortunately.

To: James F. Hopkins who wrote (21022)	6/28/1998 1:15:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 94695

Thank you Sir <G> The tremor that went through the market (Thursday I think it was) had all of the earmarks of a slight currency panic. With the Clinton trip to China ongoing I think that there may have been a behind the scenes veiled threat of the Chinese to destabilize the global currency situation, again. Things seemed to have cooled off quickly enough and look to be under control. (watchin' the money<g>) This is a liquidity driven market. It has nothing to do with value (except what perceived value can do to attract liquidity).. It's money chasing money, period. So .. where are the largest pockets of this liquidity? And what are these pockets doing. Many people, today, think that the flows into and out of the Mutual funds are just about the only liquidity flow that exists for our market. Who taught us to believe that pile of bullshit. To survive in the markets today we need to watch the people who own the printing presses. In the 80s' they ran the presses in Japan in such a way that Tokyo real estate values totaled more that the total US real estate value! It's our turn now .. and, yes, we are running the presses also. Over and over and over again, we see example after example of the long term results of running the presses like we are doing now. So what can we do? I guess stand in line when they open the pressroom doors and watch carefully when the shut them for reloading. Watch the money (you liked that eah?) Gersh