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To: Lucretius who wrote (20197)	2/17/1999 8:25:00 PM
From: Bonnie Bear	Read Replies (2) \| Respond to of 86076

have you looked at how cheap they are? smallcap value is at october lows, 1974 valuations...the only thing holding up the russell is the semi, tech and internet stocks. smallcap value and reits have already been through a 50% bear. Many have screaming growth but are still selling where they were in 1994 when interest rates were 8%. I see businesses talking of going private because the stock is so incredibly cheap and the public shell is a big nuisance. The trading ranges of the CEFs put russell stocks and smallcap bonds (high-yield) and reits where they traded with 8% interest rates.

To: Lucretius who wrote (20197)	2/17/1999 8:35:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

You writing Fleck's stuff? >>Dip buyers in trouble... Today was a very important day. We've had many days in the last week where we've had wild, violent action like this, and I think what's happening is a lot of the dip buyers are starting to get caught - they're buying the dip and it's not working. Low volume suggests to me that there really are sellers around and they can't find big enough bids, and so the market is not really facilitating trading. And now the direction has started down and I think the volume will build on the way down. I believe that the likelihood of a crash in 1999 REMAINS extraordinarily high and I wouldn't be stunned if something happens sooner than the next 90 days. <<

To: Lucretius who wrote (20197)	2/17/1999 8:38:00 PM
From: Bonnie Bear	Respond to of 86076

BTW I find it interesting that the feds sold the petroleum national reserve when prices were high and are buying it back when prices are at 25-year lows. Are they doing this with gold, too? was this a manipulation with a purpose? I find it hard to believe interest rates will go back up..the feds seem to be determined to control the economy by monetary policy.,,and they can't afford to pay the installment payments. The manipulations are to get zero inflation and treasuries at 3% so the feds don't have to make big payments anymore, so they don't have the COLA on social security and medicare. There IS inflation, but not in their models.

To: Lucretius who wrote (20197)	2/17/1999 8:42:00 PM
From: John Pitera	Respond to of 86076

look at this bigcharts.com This is BigCharts group of Nasd stocks making new highs with the largest market caps.. In 1997 and early 1998 there would be almost 100 stocks on the list every night....now leadership and breadth is so very weak they only have 17....17!! Companies on the list... ho....oh yea, BK is a Myth, nothing but a scurrilous Myth.