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

To: robert b furman who wrote (27271)	9/10/1998 5:52:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

sales in $$$'s or units? Agreed there may be fatter hogs to cut!

To: robert b furman who wrote (27271)	9/10/1998 6:55:00 PM
From: Tom M	Respond to of 94695

Hmmm, this thread is starting to sound quite bullish. We well may have another liquidity bull run to end the "correction", but IMO if the nifties aren't fixed now, this will be deja vu all over again, real soon. I've been watching the international index results daily for quite a while, and can only see carnage. Seems most markets are 20-50% off their highs and that's a tremendous amount of destroyed wealth, that as Jim says, will need "new money" coming in to prop it back up. Thing is, not only is the individual consumer feeling less like consuming (and buying stock), but companies balance sheets are going to start getting wacked under "Cash and Marketable Securities" (beware when it's combined). I dunno, but I agree with something I read that it's only traders trading against traders now, treading water. Sure looks like it by the sell the rally thing that's been going on. Traders buy a position, money doesn't follow through, traders sell - repeat. Oh yeah, and then bonds set a new low yield as the real money says screw this for now. Well they did that last week too with the bonds, then took it back out & put in in the rally, then took it back out today and put it in bonds again. Fundamentals certainly don't look good by historic standards, and now finally the technicals are looking damaged too me. Bill says FA's in TA, well is it finally catching up to the nifties? I still don't like the looks of this myself. regards, Tom