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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: RFH who wrote (5490)	8/31/1998 7:53:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Rob, MAN, Hong Kong fell 7+% by the close. It was the worst of the bunch, however. I read a quick story this AM that says that their government has been buying securities in Hong Kong for some time to prop up prices. However, that seemed to have ended yesterday. Like price or rent controls, once the govt backs away, the pendulum swings very hard to regain balance. I'll be very happy once the Labor Day weekend has past. Maybe then we'll have some peace and quiet on the markets for a while. With luck, the data for the Idiot Wave will arrive at the library today. I'll attempt to get it posted as soon as I can. Looks like I got pretty good prices on my mutual funds last Friday. Ultra's price is now low enough to trigger buying in all my other accounts. A quick glance at FORBES still shows TWCUX as A+ for bull markets and D for bear markets. That puts it in the top 5% in for bull phases and bottom 30% for bear phases. AIM likes such statistics. I'll be updating all of my stocks and funds this AM. I guess I'm interested to see just how much Cash Reserve is being called for after last Friday, but at the same time, I'm not so sure I really want to know!!! It does seem that sector funds have been more volatile than diversified funds. I think Julius's list will confirm this, but I'll have to check. Country funds have also shown their downside potential recently. Back in 1990 when I started to study mutual funds, there weren't the abundance of sector funds that are today available. It will be quite interesting to see just how they all do. Best regards, Tom