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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (50038)3/5/1999 8:53:00 PM
From: RealMuLan  Respond to of 132070
 
<< the rally today and yesterday may have been largely funded from the remaining 4% or so cash in mutual funds.>>

And also funded by selling bonds to buy stocks.
<<
Morgan Stanley DW Asset Allocation: Morgan Stanley Dean Witter US strategist's Peter Canelo revises asset
allocation; lowers bond allocation by 5% and raises stocks by 5%; new asset allocation consists of 70% stocks, 15% bonds
and 15% cash.....>>



To: Tommaso who wrote (50038)3/5/1999 9:47:00 PM
From: Copeland  Read Replies (1) | Respond to of 132070
 
All I can say is this -- the DJIA looked and moved like an Internet stock whose CEO was going to appear on Squawk Box on Monday morning.

If the analogy holds true to form, we should get some selling on Monday.



To: Tommaso who wrote (50038)3/5/1999 10:03:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
T, I think after we saw the explosion in consumer credit that we know where some of the buying came from. Folks may have borrowed to eat and shifted their money fund assets into stocks.

MB