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

To: bobby beara who wrote (35103)	12/10/1998 7:34:00 AM
From: Haim R. Branisteanu	Respond to of 94695

BB, Clinton and his administration learned that the stock market saved his day. He will do everything in his power to sustain the market. WS is positive on this issue for obvious reasons, as ar many other politicians who view the stock market as an indicator of their economic policies. Therefore again the talk about stock markets an social security funds. The day trading shops are mushroming, I am getting junk mail to join such places. We are in a casino environment and I do not buy the euphoria. It will crack but the question is wen. IMHO,if the vote will fail in congress we will have a substantial spike up. In the meantime they managed to destroy many hedge funds, who brought some sense of reason to the market. Loan spreads are as if it was 1993/4 up 50% to 80% on commercial loans and mortgages. Even that treasuries dropped from over 6% the actual interest rate is still around 7.5% to 9% At some stage the money will dry up and the rally will get more and more narrower. BWDIK Haim