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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (17519)	11/7/1998 9:05:00 AM
From: dennis michael patterson	Read Replies (2) \| Respond to of 42787

Lee. I am more and more convinced that the ONLY thing that matters is sentiment, and the sentiment that matters most is the sentiment of money managers. The money in this market comes from 401Ks and it is put to work by managers. So, if they can convince the public to turn over the cash, they M will go up. Timing is the only issue. With this as prelude, let me say that your thoughts of this am rflect my own. When will the plug be pulled? There are a lot of people on the street who need to work real hard to catch up. How will they do it? Finally, why do you write that most of the weakness in Dell seems gone?

To: Lee Lichterman III who wrote (17519)	11/7/1998 10:12:00 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 42787

Lee, new to this thread.Sounds interesting.My take on your post is that you presume a conspiracy.Theoretically possible but unlikely because there are too many variables that could trip the best laid of plans. IMHO I think market will continue feebly upwards until the Fed meeting Nov 17. I doubt Fed will lower interest rates now that "THE BUBBLE" (aka "Clinton's Bull Market, GG,) has been moderately reflated. Japan seems on the mend.Europeans cut rates, etc. This will give market some pause. Then what? Maybe go to 9200? The problem here as I see it is that we have a giant debt indigestion ( world wide ). What Alan G proposes us to do is to cut rates so that it will be a little easier for us to borrow more and thus add that delicious Black Forest German cake for desert, on top of the 48 oz Angus porterhouse we just had at Morton's from Chicago.( wow that was good ). I don't think it will work. Refinancing debt by getting into more debt is a money losing proposition. What the whole world needs is a good dose of hard cash infusion, aka, " a tax cut ". i.e. Joe Blow earned the money.That's real wealth.Let him spend that. 2/3 of economic growth after all depends on consumer spending. What better way to re-inflate than with real cash? I think politically we are entering murky waters. Newt is gone. I suspect Republicans after 6 years of unremitting dog bites from Billy The Kidd are now in what I suspect is a rabid mood. They will elect a pit bull leadership that will go after this groping species.That means no more easy votes for the IMF to bail out Brazil, Venezuela, Argentina, Mexico and on down the line. When people get wind that the republicans are finally going to cut off the " ? International Corporate Welfare Big Breast in the sky " spigot you will again see the feared " liquidity crunch " raise it's ugly head. At that time no amount of Fed Rate cuts will bail this Bull out. ( Consider what 0.25% interest rates have done for Japan's economy so far ). So what is the poor investor to do in these perilous waters? IMHO the e worst thing is to go long because this market can again turn on a dime. Short term daytrading, maybe. I think the big prize will be shorting the market at the top. And that is where I will concentrate my efforts in the next weeks, ? months, TA