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To: RFF who wrote (24785)11/6/1998 4:17:00 PM
From: e. boolean  Respond to of 164687
 
Five times today on CNBC I heard the comment "Investors have to realize that this buying that is going on is liquidity driven." Then Bob Pisani did a piece on how we're approaching the record p/e of 30.4 from July 7, and how even bullish analysts are downgrading stocks on a price basis alone rather than raising their targets (guess they haven't really caught on to the new paradigm yet).

Tone today seemed to be laying the groundwork for disclaiming all the hyping and huckstering aimed at the individual investor the past month.

e.b.



To: RFF who wrote (24785)11/6/1998 5:07:00 PM
From: Rob S.  Respond to of 164687
 
Let's find a broken down company that still has a NASDAQ small cap listing and make it into an Internut giant! By next Spring the market should be ready to short again. Probably a pull back will occur before the end of the year. I expect Greenspan to say that the market and world economy doesn't need much help from fed rate cuts - that would trigger a round of selling.


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