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To: Cynic 2005 who wrote (17763)4/23/1999 2:37:00 PM
From: Arik T.G.  Read Replies (2) | Respond to of 18056
 
Hear, hear. <eom>



To: Cynic 2005 who wrote (17763)4/27/1999 1:52:00 PM
From: Cynic 2005  Read Replies (2) | Respond to of 18056
 
Interesting action today. At times when I was checking the action of some high flyers, even 100 shares sold caused the B/A to drop a couple of notches. At one time, AMZN bid dropped from 206 1/2 to 206 1/4 on sale of 100 shares, followed by a drop to 206 1/16 for next 100, 205 13/16 for next 100 and then to 205 1/2 for the next 100. Pretty dramatic - IMO.



To: Cynic 2005 who wrote (17763)5/6/1999 11:33:00 AM
From: Cynic 2005  Read Replies (1) | Respond to of 18056
 
Looks like the bond players have decided to teach the stock market player, the feds and pols a well deserved lesson. You can't keep on spinning the "low inflation, low yields, high productivity" yada yada yada and yet ignore bonds, which is the real glue that is bonding fantasies up.

<<The trigger doesn't have to be a nuclear explosion. It can very well be a bad auction at the treasuries, or an unspinnable rise in inflation or a rise in competing assets, such as gold. >>

We now have:
1. Rise in gold price and gold shares. (Despite relentless campaign against it by IMF, Pols and central bankers.)
2. Mini-meltdown in bonds.

3. Will the realists (now a days they are called bears -g-) get a lift from an "unspinnable" employment report?

Now that the bulls have a really valid case for further advances - a market PE of 60 makes as much sense as market pe of 40. I hope things don't get there.

Hope springs eternal.