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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (2246)	10/31/1998 2:50:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 3339

I'm not saying what the market deserves given the conditions, only the direction it is going. S&P is on its way to 1150, (Cisco and Dell haven't reported earnings yet) I suppose the DOW could manage to stay level at 8600 for a while but there has been, and will continue, to be a rush to find semi-liquid stocks to put money in (why bond market has gone against stocks, imo - fund shifting while anticipating inflows). That is the prescription the doctor Greenspan ordered. Strong dollar was good, now weak dollar is good. High trade deficits weaken the dollar, even better. Everything under wraps. That prick in the bubble has been patched. Greg

To: Kip518 who wrote (2246)	11/1/1998 9:39:00 AM
From: HairBall	Read Replies (1) \| Respond to of 3339

Kip: Your insight as usual is a good read. Do you think the props will be pulled after the elections? The Democrats in the White House did not want the market to fall before November 2nd. Of course after Nov. 2nd, conventional political views would say, if the Market IS to go down, let's get past it before the next Presidential elections. So, will the props be abandoned? News reports already out, that the Fed may not cut this month. Has the market factored this possibility in? What about none economic news events? Is NATO turning out to be a big barking dog with no bite? And the UN seems to be staring at Iraq's middle finger as of late. Where is the President? Is his zipper stuck? Is Hillary still pissed because Bill did not share Monica? Why is Bill not paying proper attention to the above world events. Is he busy trying to re-score his place in history? He seems to have plenty of scorn for the Republicans about not tending to business in his speeches of late, just before he heads off to another fundraiser. What is next for the Democrats, a child molesting President? And will this be OK, as long as he looks good on camera, his wife is Ok with it and the Democrats keep those government checks going out to their voting base! Interesting times. The next several days are going to be very important to Mr. Market. Regards, LG