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

To: Haim R. Branisteanu who wrote (35073)	12/8/1998 8:57:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 94695

Haim, I was thinking some of the same thoughts about fundamentals. However, with oil prices at 12 year lows and expected to go lower, as well as rock bottom prices on the CRB, if should be expected that they may help to cushion earnings in the short-term until economic activity (theoretically speaking) can pick up overseas. Combine that with a weak dollar that would ease the trade deficit (to the detriment of Asia and Latin America), and we may just squeak by with better than expected growth in earnings over the next several quarters (but weak dollar also means less desire for foreign money to invest here). Without a collapse in Brazil or another crisis point, I'm beginning to wonder if there is just enough "fundamental evidence" (ignoring current PE valuations...:0) to keep us in a trading range. There is still a lot of money sloshing around out there and folks are getting ready to pump another annual allotment into their IRAs and 401k's. Am I just getting caught up in the delusions of current valuation analysts?? Just trying out my new set of Rose-colored spectacles... <VBG> Regards, Ron

To: Haim R. Branisteanu who wrote (35073)	12/9/1998 10:06:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Haim; I go along with that except for the motive, the motive is MONEY wall street has had the Fed Reserve in their pocket since the 30ts. Wall street has the largest lobby, and just who is president or what party is in they don't care as long as they are not interfered with, or can tell the FED what to do. This thing is a lot bigger than the politicians in Washington, it goes all the way to sophisticated organized criminals on an international scale beyond the imagination of the average Joe. What few politicians that have a clue to it are shuffled out of the picture. For the market to work like it was meant to it needs rules, and something with teeth to enforce the rules, all this Fed intervention would be un-called for, and I can assure you none of it was done for the sake of any one but the Wall Street insiders. Jim