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

To: Daniel Ray who wrote (24631)	8/19/1998 2:04:00 AM
From: Investor-ex!	Read Replies (2) \| Respond to of 94695

Daniel, The whole thing is a big diversion. It occupies the same psychological space as the Simpson trial. I said essentially the same thing to a co-worker today. America today may be summed up in this golden-oldie: "Two things only the people anxiously desire, Bread and the Circus games." -- Juvenal (40-125), Roman satirical poet. Satires, Satire 10. Bread = stock market; Circus = Clinton (for now). Regarding Clinton's confession and the predictable, tiresome, self-righteousness reaction to it, a minor modification to a line from Casablanca comes to mind -- the one where the local chief of police (Claude Rains) feigns surprise at the existence of gambling going on at Rick's Place in order to have a pre-text for closing it down at his convenience: I'm SHOCKED -- SHOCKED that there's lying going on here!

To: Daniel Ray who wrote (24631)	8/19/1998 9:50:00 AM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Hi Dan; <OT> I take it you mean Machiavelli, who wrote the Prince, I read it years ago and was impressed but less so now as I look back. I have to tell myself he was writing within a frame of reference that encompassed a small part of the world compared to what many of the more contemporary and equally impressive writers have to say. I'm likely out of style myself but still keep an Auto Biography of Will Rogers handy, You likely heard of him for his, " I never meet a "Man" I didn't like" , but if you pay attention to his dialog you will find he always without fail referred to Politicians as "Boys" <G> -------------- Roger on the interest rates being a key factor in the market, I try to watch derivatives too but they are confusing, yet I know much of the market is played to enhance the value of them at critical times. Longer term oil futures play a larger roll than I believe most people are aware of, the coupling is not so direct but the price of oil winds up emigrating into the cost of living more than any other commodity I can think of. Short term I try to watch other signals and catch the shirt tail of a move via the TICK, and a dissected running A/D line. -------------------- Cheap oil may help bring on a recovery in Asia, if the oil cartel don't use to much price fixing to defeat the process. While I have posted some melt down procedures they were mostly intended to de-bunk some silly notions that people could pick a comfortable or so called healthy bottom, as if we were to drop to the levels many of the bears suggested to many things would go wrong including a break down in derivatives and the market momentum would pass beyond their shallow minded criteria. -------------------- I'm still overall bullish on the market, and if interest rates and oil stays tame we will likely go up a lot more. I have never worked for a company that did a 401K so I don't know much about them except they seem to be popular, and I have several friends into them were the company does a matching contribution. That must take a lot of fear out of them putting money in the market as they picture even with a 40% down side, they will pick up 10% over what they put in. Jim