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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (709)	12/7/1998 1:09:00 AM
From: SteveDavis	Respond to of 99985

Donald, You are very correct. One should not trust analysts. They are making subjective calls just like everyone else. They do have a fair amount of information and concentrate in an industry so do have a leg up on the average market player. I have a friend that is an analysts for one of the largest firms. The reason she went with this firm is that when she puts out a buy rating on a stock 12,000 brokers pick up the phone and call their clients and try to sell the stock. Part of her pay package is based on this involvment in selling stock. But also keep in mind that the analysts don't even agree with each other. If you follow Zacks or First Call you will see a fairly wide diverenge on earnings expectations on a stock as heavily followed as say DELL, CPQ, INTC etc. I try to follow trends. If several firms are upgrading a group then the leaders of that group are going up. If you have diffences of opinion about say INTC or CPQ then I just pass because I just don't have the knowledge and insight they do. Remember these guys on Wall Street are there for one purpose and that is to sell stock. And they are real good at it!!! You sound like you have good instincts. Keep up the good work. Steve

To: donald sew who wrote (709)	12/7/1998 8:29:00 AM
From: NickSE	Respond to of 99985

Donald, I posted this a about a week ago regarding money market funds. Message 6676442 Total money market assets stood at $1.387 trillion for the week. EDIT: Since you did mention the issue of money. It is my understanding, correct me if I am wrong, that in AUG/SEPT there was 1.25 trillion in the money markets, and now only around 150 billion. If that information is true, there really is not that much money around, just based on simple mathematics. It took 1.1 tillion to move the market 2000 points, so based on simple ratios the remainding 150 can move the market up about 300 more points from here. I am not standing behind those figures and wish if anyone can confirm such. Hope this helps, Orbit