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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (36)	8/16/1998 12:50:00 PM
From: Ken Brown	Respond to of 15132

Nothing fundamental has changed except perhaps the psychology Which is a contrary indicator, of course, when it reaches extremes. I've noticed a lot of reports the last few days on CNN, PBS, national & local news, regarding the "fall" of the market. Just this morning I saw a piece on what to do with your money during a bear market. I don't recall this much bearishness since '94 (of course, I've got a very short memory ;-). Justa & Lars - thanks SO MUCH for creating this thread. I hope it can remain as strife-free as it currently is. It is so much more pleasurable to read intelligent, thought-provoking, non-caustic conversations. Ken

To: MrGreenJeans who wrote (36)	8/16/1998 7:49:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Who has been Selling? The Big Boys Mr GreenJeans and All: Re: "The money which was pulled out within the past month are those monies from people who should never have placed their money in the market to begin with and monies from institutions trying to incorrectly time the market." Analysts at Birinyi Associates studied this by tracking large block trades -- those of 10,000 shares or more -- against smaller trades of fewer than 10,000 shares, which include, for example, an investor's purchase of 100 shares of IBM. Through Tuesday, the study showed, retail trades created about $731 million in net buying on the Big Board, while block trades accounted for $3.47 billion in selling. The bottom line: Institutions sold and smaller investors bought. Rumor has it that most buyers were Brinkerheads <GGG>.