To: William H Huebl who wrote (39682 ) 4/25/1999 1:36:00 PM From: James F. Hopkins Read Replies (1) | Respond to of 94695
Hi Bill; Re The mania continues... Correct it's still running , and while it's insane mid term I see it as going on; I see some resistance levels but not the top. I see some short term weakness in the DOW..offset by strength in the S&P . When the TuLips break it will be hell to pay but I bet it catches the market and most of us by surprise, I'm leaning more towards hedging all the time ( that and short term trades on the spiders which most often give good ( short term signals ) hoping I'll be on the right side of the curve or at least not on the "wrong" side when a big move comes. As for AOL she is nutso but I lost a ton trying to short her and that was also nutso. Her 137B cap makes a formidable player now that she is in the S&P ( stock wise ) as the blind index tracking funds have to hold her and buy more each month they get deposits from the retirement plan they are tied to. ------------------------- The big bubble may run until a major shift in our "retirement age" exceeds the rate of new jobs tied to such funds. The underlying reason Japans market bubble busted in a overly simple nut shell is that their baby boomer gang stopped out passing the retirement gang, they got way ahead of us on old people trying to live on a fixed income some years ago, as they had started off with a much older work force after losing so many of their younger people in WWII, and even after the war they did not have a big baby boomer cycle such as we did. NEW money coming in must exceed money going out or a market such as we have will sink of it's own weight. It just happened faster in Japan. Meanwhile Our Market can and will also run on up if the Wall Street lobby can get the Government to stick S.S. into the market. You can bet they are working over time in the lobbies to get their hands on that, and there is no more powerful lobby in Washington than the investment Bankers and Wall Street gang. They have always in the past managed to get a majority of the politicians to gather on their side, as money talks and BS walks. That also happened in Japan during it's final peak the Government tossed tons of money into the market to try and stop the crash and it made the long term problems worse. Looking at our History More times than I can count the puppets in DC of both parties have passed laws both against the will and the interest of the majority of the people , We ought to have a Third party called WS&B ( Wall Street & Bankers ) and change the Lobby system where they can't control both of the parties we have. But I fear with the power the mover and shakers have not only in the Lobby, but to slant the information the public gets so that the majority stays hood winked, we will wind up with S.S. money going into stocks for that final blow off Top. Jim