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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 (36546)	1/19/1999 9:53:00 PM
From: Kip518	Read Replies (2) \| Respond to of 94695

IMHO the market will rally on the SS idea only to reverse sharply after realizing the ill advised policy. Haim, There is no way AG is not going to be asked about this proposal in his Humphrey Hawkins testimony tomorrow. In the past he's said he thinks it is not a good idea. He'll probably mumble something to that effect tomorrow as well. HH day is usually a down day for the markets. I'm looking for a strong start (MSFT and all that) with a fizzle in the pm. BWDIK? Kip

To: Haim R. Branisteanu who wrote (36546)	1/19/1999 9:59:00 PM
From: bobby beara	Respond to of 94695

A speculative bubble had ensued, and tulip bulbs, while fairly ordinary in the eyes of flower mongers today, were wildly overvalued. Indeed, MacKay tells us: One would suppose that there must have been some great virtue in this flower (internutzº) to have made it so valuable in the eyes of so prudent a people as the Dutch; but it has neither the beauty nor the perfume of the rose … excerpt - McKay. We are near/at the top of the channels of xci, ndx and compx.

To: Haim R. Branisteanu who wrote (36546)	1/20/1999 7:39:00 AM
From: Tom M	Respond to of 94695

Yup Haim, he knows "free" money is the hardest thing to resist when you know it's someone else that has to pay it back. Why the farce of growing SS money through the market, why not just directly print money? That's all it is when it isn't based on fundamentals. Free money is going to destroy motivation, innovation, minds, and the 98% of stocks/companies that won't benefit from the gov't gift program. I'll give in and invest in our other LTCM's when Bill guarantees stock prices will be backed by GOLD. Guess that means I'll stay a poor, unpopular, fundamentalist <g>. Poll now up to 76% popularity after the speech. Anyone here surprised?