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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 (24077)	8/12/1998 5:26:00 PM
From: Bonnie Bear	Read Replies (2) \| Respond to of 94695

Jim: what do you make of the unusual volume on SPY?

To: James F. Hopkins who wrote (24077)	8/12/1998 5:28:00 PM
From: bkg	Read Replies (1) \| Respond to of 94695

How in God's name does YHOO manage to put in an almost 5% gain considering how shaky everything still looks? Solid companies like AVY or GE I understand, but who is still buying this? Are individuals actually buying as a HEDGE? Any words of wisdom from those who have more experience than I (and that would include just about everybody, from what I can see) would be greatly appreciated. BKG (the BK, by the way, has nothing to do with THE BK)

To: James F. Hopkins who wrote (24077)	8/12/1998 5:42:00 PM
From: yard_man	Read Replies (2) \| Respond to of 94695

Bankruptcies are up Transports well through 200 dma Banking index teetering on 200 dma Bull market is old by any measure Earnings are deteriorating Low interest rates didn't keep Japan from crashing Largest public participation in stocks for many years Consumption outstripping increases in income by good margin last 2Qs Lowest savings rate in the industrialized world Heavy foreign participation keeping market afloat Stocks typically lead economic conditions Some of the items you've mentioned Oil prices, interest rates etc. are only in place because other markets have crashed. How bout this one: Every other equity market is in trouble save US and some in Europe. Never mind we are an island now -- invincible. Jim, we may rally and maybe even back to 8900 or so on the DOW, but to think it's going to 10,000 now is a pipe dream. There's a reason some of that money has went to money markets. Some of it ain't coming back out of there to stocks.

To: James F. Hopkins who wrote (24077)	8/12/1998 5:52:00 PM
From: yard_man	Read Replies (2) \| Respond to of 94695

puts aren't overbought in relation to calls: marketgauge.com And I see a lot more people saying we have bottomed and very few who think this is going to drop through 8000. You just think there a lot of bears because I post to repetitively. <g>

To: James F. Hopkins who wrote (24077)	8/12/1998 8:37:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Jim, all- there's a news blurb on fundwatch about money pouring into short-the-S&P funds. it's a pretty good bet the brokerages will want to make money by forcing people to cover their shorts (been there, done that) so I guess it would be prudent to watch for money rotating into the undervalued parts of the S&P 500 (there are some) before shorting the puppy.