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

To: Mike M2 who wrote (21644)	7/15/1998 1:05:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

Bill, even that I share your comments, Allen G. is not responsible for the stock market. The FED from my understanding is to augment rates for minimum inflation and economic growth. They achieved that. I am not sure who is responsible regarding margin rates and speculation in the stock market, but certainly mutual funds having the right to borrow against equities is were disturbing. As to the inflationary environment the oil is starting to move up as the exporting countries do restrain themself and this will put a damper if the oil price will move in the $15 to $16 range. Retail stocks are retreating and unemployment is moving higher and as I wrote on this tread before, higher un employement will hurt stocks. At the moment we are close or near a top, but the sentiment is still moving stocks higher. Also keep in mind that 95% of investors do understand "zilch" about accounting profits, insider stock option or Y2K and the like. Money managers are paid by the portfolio size so the incentive is there for manipulation. BWDIK Haim