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

To: Knighty Tin who wrote (56202)	4/15/1999 8:45:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

If someone else has already posted this, please excuse repetition: bog.frb.fed.us The money figures seem to show the Fed (or some other force) putting the brakes on the various measures of the money supply--at least in comparison with rates of growth prevalent over most of the last two years, and especially the rates following the rate cuts last fall. The aggregate growth is slowing down very noticeably. I have not checked to be sure, but as I remember, the slowdown was not this marked late last spring and in June of 1998, preceding that slide. I am not suggesting monetary determism of the market, but with P/Es and book value and all that stretched beyond anything ever seen in the US stock market, almost any damping force could be rapidly reinforced by all the levels of leverage, which ,as we all known, reaches right down into the monthly payments due on credit card balances. Also, no one knows what the structure of derivatives of all sorts could add to any movement. The most drastic collapse might have to wait a couple of years, until everyone gets out who has become convinced that continual payments into equity retirement portfolios is not, after all, guaranteed to produce 20% a year ad infinitum. Cash going into mutual funds is still healthy according to Trim Tabs, but slowing according to AMG data.

To: Knighty Tin who wrote (56202)	4/15/1999 10:20:00 PM
From: bill meehan	Read Replies (1) \| Respond to of 132070

MB: A much wiser use of your time. BTW, I make much more sense when the mute button is used. <G> Good luck at the ponies. I'm waiting for a good friend of mine who works at the Jockey Club to get me his Derby pick. That way I can eliminate one. Told me Menifee would never get the distance just before you and your mother cashed. <g>

To: Knighty Tin who wrote (56202)	4/16/1999 1:05:00 AM
From: Stefan	Read Replies (1) \| Respond to of 132070

Is it not the best way to watch CNBS.<G>

To: Knighty Tin who wrote (56202)	4/16/1999 2:25:00 AM
From: Stefan	Read Replies (1) \| Respond to of 132070

Michal my index of "can't go down but up" is down 20% since February. We might be in amidst of a bear market and not know it. May be LU is not FOS after all he looks at Dow in yen. My index consist of: AOL CPQ CSCO DELL EMC IBM INTC LU MSFT ORCL SUNW YHOO. Looks like SUNW will make nice contribution to the downside on Friday.