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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (16779)	10/17/1998 11:41:00 AM
From: Haim R. Branisteanu	Respond to of 18056

John, Flek is very right but he is shouting in the dark. The "BIG MONEY" wants the market up. their pension fund contribution will be lower and increase profit (fantom profits). People will be merrier an spend more this X mas season, so no real gloom for retailers. All in all we are living more and more on borrowed time. As to the stock markets?? Those so called "long term" investor better cash out, you got a present. Short term traders we will correct some and again rally.a few days. the health of the market will depend on earnings which are weak. If no other rate cut will be by mid November or the CRB will prove it formed a base, the market and treasuries will slide downwards. BWDIK Haim