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

To: Kip518 who wrote (32928)	11/2/1998 9:36:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Kip, the most interesting point today was that the personal savings rate turned negative on a monthly basis and nobody seems to care. My translation is that Joe Six Pack market goes only up, followed his friendly broker advice and spend his savings for day to day needs. The question I have after those savings will go to nill from were the money for the unforeseen??? <gggg> The dangerous thing is that many relate to their mutual funds or stock holdings as their savings or the NEW ERA CD's. Thank you A.G. and Rubin, great service to the nation. BWDIK Haim

To: Kip518 who wrote (32928)	11/2/1998 9:42:00 PM
From: HairBall	Respond to of 94695

Kip: Thanks for the input. Regards, LG

To: Kip518 who wrote (32928)	11/2/1998 9:56:00 PM
From: Bull RidaH	Read Replies (4) \| Respond to of 94695

Kip, Here's the link to substantiate Fleckenstein's claims of the smart money finding themselves short during much of this recent rally: marketgauge.com I wonder if the stats in that chart factor in the specialist using a hedge against their short equities positions (such as long futures or options contracts), whereby their net position could actually be long. In any case, substantial market dips do tend to quickly follow this level of short-sidedness amongst the smart $$$, as seen from the past on the chart. Regards, David