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

To: Tommaso who wrote (21259)	7/3/1998 10:52:00 AM
From: William H Huebl	Read Replies (3) \| Respond to of 94695

Tommaso, I think the Mutual Fund flows are more significant that money supply at this point AND since there also have been withdrawals from MMs, that looks to me like a flight to bonds. What do you think? We may be seening a major short covering episode in the markets which certainly is bearish if so. Some of the leaders including GE and IBM look bullish short term (up to a week) but the utilities, which (supposedly) forecast interest rate changes 6 months out, are looking bearish??? Bill