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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Hank Stamper who wrote (4772)4/25/1999 9:51:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 15132
 
IMF given more flexibility as lender of last resort...

interactive.wsj.com

April 25, 1999


--------------------------------------------------------------------------------


IMF Announces New Credit Policy
In Victory for Clinton White House
Associated Press

WASHINGTON -- The International Monetary Fund announced it has given final approval to a major change in procedures that will allow it to make available billions of dollars in resources to countries in hopes of averting future global financial crises.

The IMF endorsement represents a major victory for President Clinton. He had put forward the idea in October, at the height of the economic crisis which has pushed one-third of the world into recession and sent America's trade deficit to record levels.

...



To: Hank Stamper who wrote (4772)4/25/1999 10:53:00 PM
From: Hank Stamper  Respond to of 15132
 
National Post newspaper (Canada's "Other" national newspaper) columnist on stock market valuations; references Yardini.

nationalpost.com

David Todtman



To: Hank Stamper who wrote (4772)4/26/1999 9:22:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
Re:"..without a 'health-giving' correction..."; & small-caps:

Heard parts of Brinker Sunday. Reading a lot between the lines on this, and other comments, I got the impression that he was issuing a "shot-across-the-bow-advance warning" to listners/investors. He emphasized that it would be prudent to watch this market very, very closely. My gut feeling is that he is very cautiously bullish.

Perhaps it's time (again) to revisit allocations,etc. ? CAUTION to all, especially Internuts (also: eBay, Amazon, etc. "earnings" <g> out this week).

-
Re: Small Caps:

Also, heard him repeat his underweighting position on small caps. He went on to say that he would still be looking for a large cash inflow in to this segment before he changes that position. He commented that the money flow into the Russell 2000 last week did not confirm the movement from the prior week.