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

To: William H Huebl who wrote (36720)	1/24/1999 3:48:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Bill: FWIW: I just snooped around looking at the advance/decline line. There's about 250 reits and about 1000 banks and insurers mostly deader than a doornail, whole sectors are at book value...anything small that's not a tech stock. Even closed-end funds are at record discounts to NAV, especially nasdaq listings, as though they are being manipulated down. The Russell 2000 chart doesn't tell the story- a few momentum internet stocks are holding up the index. Without them, the russell is close to the October lows. The banks/insurers, utilities and reits will undoubtedly consolidate big-time...and some will go bankrupt...but I see no reason for the a/d to go up unless treasury yield goes down and/or the fed changes the law and allows banks to marry insurers.