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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: SilverAG who wrote (306)	12/28/1998 8:13:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 3543

Your wording $13.9 billion flowed into these stocks today is simply not correct. Market cap is an entirely different concept than money flow.

To: SilverAG who wrote (306)	12/28/1998 8:22:00 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 3543

Charles123, I also had noted the net inflow into these stocks (and others like SKYM) today. I agree 100% that this is the top of the bull market. We are in it now. No questions or doubts anymore. It may continue for another few weeks (or even months) but the dam is about to burst. I have long been mulling over going 100% into cash next year. My reasoning includes much of what has been written to this thread in other posters' entries, but particularly the Y2K "problem" (if any) and what I see as a gigantic bubble about to blow. <Side Note> Have you ever seen pictures of a volcano that forms a hard crust over the top of the molten lava allowing enormous pressure to build up before it eventually blows the top off? Similar situation here from my viewpoint. The money that went into these stocks today (and for that matter, over the past couple of months) is far beyond what we might dismiss as excessive day trading. We must be seeing (young???) fund managers pouring money into these stocks with wild abandon (afraid to miss out maybe???) and total disregard for even the most basic principals of fundamental investing. Is anyone else considering 100% cash as a viable option for now? KJC

To: SilverAG who wrote (306)	12/28/1998 8:39:00 PM
From: Skeeter Bug	Respond to of 3543

>>An amazing $13.9 billion flowed into these stocks today.<< charles, this is incorrect. the market caps increased by $13.9 billion. that, most assuredly, doesn't mean that this amount of money flowed into these stocks. let me make this simple. have you heard of gap ups or gap downs? a gap is a space of time where no trades have taken place yet a stock changes value significantly. i followed a stock that gapped from $32 to $17 overnight - with no trades occurring between those two prices. there was no net outflow of cash between $32 and $17. no trades took place. the mms were just adjusting the price where supply = demand so they could churn and make some dough. money did flow into these net stocks for sure. just not $13.9 billion. also, i understand that .5% of nyse stocks traded hands in the crash of oct 1987. the market dropped 20% or so. marginal buyers and marginal sellers have a lot of clout. hope this helps.