Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (6651)	10/17/1998 3:44:00 PM
From: Paxb2u	Read Replies (2) \| Respond to of 44573

Scott, Are you saying that because a lot of people don't care, don't know, don't understand, or are naive about the markets that will boost them ??? I admit my ignorance about why things are currently going the way they are, but I hope someone's got it figured out and they'll share their logic with me. From my perspective, its got to be greed that is currently driving the markets up (along with the FED). Isn't there always payback for this type of irrational exuberance???. Maybe not tomorrow, but how about next year???I believe that fundamentals over ride the market, and that's what happened this week. There was no technical reason for the breakout and they (most indices) are (stochastics) overbought or rapidly approaching overbought. Does a 1/4 point move, decrease costs so much as to increase earnings so we can now forecast increased earnings for everyone next year??? Did this move overcome all the potential negative fundamentals searching for a home?? Probably not----but I do think the retribution has only been delayed. Peter :o)

To: SE who wrote (6651)	10/17/1998 10:05:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

So the Pack has not left me with a bet for this weekend. After losing to the Lions I was ready to play them but with the weekend off I guess I have to take the Chargers. Watching this Yankee game has me ambivalent about sports, anyway. I think Funds do what they do based on their charter. Brandywine got hummed because what's his name reacted to the Asian Problem but failed to trade the Market. That is to say, he was right to be cautious but wrong to be absolute in his caution. Besides, he was was running a stock fund, not a Certificate of Deposit Fund. He definitely stepped over the line. If you have allocated 35% of your money to Stock and put a portion of that into funds and one fund manager goes to 80% cash; well, anyone can do that---what's he getting paid for? Plus, it fouls up your allocation strategy. But generally speaking, I think each fund is more or less restricted by charter as to what they can do....so some can offset by selling futures against cash for example....some have to be 95% plus invested and so on. Depends on the charter of the Fund. The guy from Brandywine is reputed to be defending himself by saying he only had one bad year..."so what?". But it's wrong, unless he's chartered to be able to go to 80% cash when he wishes. After all, if I think my money is in stock I may be playing off my other investments into other instruments as a hedge against that. To find out that Brandywine put my money into cash would imply to me that investing in a fund is a waste of time----for the larger investor, anyway. All in all, the guy was just speculating. One does not hire a Fund Manager to do that.

To: SE who wrote (6651)	10/18/1998 2:33:00 AM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

Re: the fund problem That's why you trade index funds typed funds. Ya kinda know what you're going to get given good, bad, or flat market conditions. By charter like Patrick says is another problem and SIZE is the main problem so you ain't very liquid at all. Imagine trying to liquidate BiLLIOS of $$$$ in and individual stock without someone taking notice or not moving the price of a smaller one? RURUX....Dow up nicely, SPX up .85% Ursa was Down .01%....(tracks the futures ~inversely) Ndx was down RYAIX was UP exact same% quote.yahoo.com