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

To: bearshark who wrote (31760)	10/15/1998 11:31:00 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 94695

Fed cut 25 basis points .. Seems like someones acorns needed to be hauled out of the fire. Might possibly still be related to the LTCM stuff. Over the last few weeks there has been moves to take money out of mutual funds and transfer it over to money market accounts. Some reported this as fund outflows and others counted the money market accounts into the total and reported overall inflows. Money that has been setting on the sides is now poised to move back into stocks. I believe that most of the money that has moved this way has been within IRA's and 401K's. This means that the money just about has to set there within the account. It's just a matter of how it's currently being deployed. To the account then the recent market pullback is a nonevent (????) Yep .. non event. In other words, the money is still there, it's just been idle. I figure two or three days for the orders to hit that move the cash off the sidelines .. blammooo .. the last few weeks have been just a bad dream. Anyway .. we'll probably be flat to slightly up for the expiration.. still see the end of day pullback because of fund movement time delay then a pullback Monday possibly through Tuesday then up from there. I feel very strange being a bull .. doesn't set right.. good night Gersh