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

To: robert read who wrote (31601)	10/15/1998 12:35:00 AM
From: C Hudson	Respond to of 94695

"But the stock market has an influence in consumer sentiment. So, if the markets goes up expect consumer sentiment to go up. If consumer sentiment is down right now it's because the stock market has gone down, It's a catch 22." I don't agree. This market rose to these heights because of the "this time it's different" thinking. Blue skies forever, buy now and in 20 years, you'll have your 3 million. These people don't know what a bear market is but they're learning fast. The New Paradigm ain't what it used to be. Or is it "everything old is new again"?

To: robert read who wrote (31601)	10/15/1998 12:58:00 AM
From: B.REVERE	Respond to of 94695

The market went down on its fundamental picture. It went up on pure fed intervention and manipulation. (Maybe we should change the name to the New Hang Sang Market, at least their gov't admits when they've changed the rules). Layoff announcements started last summer. So did the markets' fall. What's changed to right this ship? More layoff announcements every day. Think the public's worried. Damn right they are and well they should be. They can prop the dow up all they want. Eventually it will fall on the fundamentals. The fed doesn't have enough money to keep the markets liquid when 401k money goes into money markets. Quarterly statements hit this week. You think the public won't keep track of the nav's now that their fund just dropped 20%. Guess again. Consumer spending drives markets. When sentiment drops, the next shoe you hear falling will be the gdp. Later, BR