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

To: Haim R. Branisteanu who wrote (21610)	7/14/1998 8:11:00 PM
From: Tom M	Read Replies (2) \| Respond to of 94695

Haim/all re >>I still do not get the logic of the recent rallies<<... BWDIK in advance: You have to have come to the conclusion by now that logic has nothing to do with anything... I set about my journey to "really understand" a couple years ago and am of course frustrated. To keep the market up, you want to avoid burning the young novice investor in particular - they must be rewarded in particular as they must keep piling money in for the retiring(/smarter?) generation to take it out. The less "how the market works" books they read, the easier it is to avoid the analysis paralysis of us "educated" investors ;-) I've also come to the conclusion that our Indexes are our political symbol of health and WILL be kept healthy. Any significant downward momentum (other than for the appearance of a temporarily ethical system), will be meet with a stock's removal from the index, or action by the Plunge Protection Team. Recently on the huge moves from 6000 to 9000, we've had CNN, CNN/FN, CNBC, MSNBC, Bloomberg Business News etc and WWW.ThisAndThat to literally PUSH stock momentum to unmeasurable levels of valuation. History has shown it can be easily done. I don't think the gov't would allow the media to use their brainwashing powers to take it down - as poverty is NOT in the public interest. Consider however, if all the stock owning media institutions that used their power to hype their holdings up, decided it was time to all be short. Now that could generate a fear I never want to know. Just some observations common to many here I'm sure but...WDIK? regards to all, Tom

To: Haim R. Branisteanu who wrote (21610)	7/14/1998 9:55:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

It's all just a coincidence. Like every time I see Hillary Clinton seated next to Alan Greenspan, I wonder why Chelsea looks so much like Alan, and then I shake my head and say to myself, no.....NONONO.... but I do wonder just how it is that the most overpriced stocks seem to have some connection with Goldman Sachs in their IPOs, how it is that the place where the S&P turned linear coincides with Goldman's partner Rubin taking over the Fed in Jan 1995, how it is that Goldman was the one that was rumored to have propped up the S&P with options last October. And so, the question of the day, is....just why is it that Goldman, after its 120-odd year history, wants to go public now, in the Wall Street equivalent of a shotgun marriage? Could some insiders desperately want to get their money out at the top of the market? And if they got it out, where would they put the money? Strange.