To: Kip518 who wrote (40207 ) 5/23/1999 4:15:00 PM From: James F. Hopkins Respond to of 94695
Kip; What he said has a lot of meaning, at least to me, I pointed out April 14th that some crossed swords in the indexes signaled real trouble ahead. ------------------------ Joe Six Pack hasn't seen the light yet, the rush I saw of newbies signing up at a brokerage house not long ago seemed to say I might be all wet, as it was exceptional and even surprised me. --------------------- But as I looked at the bigger picture, the rush of new money from the J6Ps may not do anything but set us up for an even bigger fall. IT seems the move out of the U.S. by foreigners has really began. (1) The increased value of the dollar lets them out 5% ahead of where they would be had taht not happened. (2) Foreigners trade mostly in our the very large cap stocks, ( which are the ones going down ) (3) When small ones go up as big ones fall the market loses it's ability to be liquid. (4) Let any kind of credit crunch start ( & with rates going higher there is a good chance of that ) , well it won't just be the margin accounts. or people buying stocks with student loans, or credit card debt that will get the market. There are many other factors to credit that can make people start selling stocks. (5) None of the US reports, TRIM TABS, or AGM money flow into or out of funds takes into consideration The "foreign" money now leaving the country. (6) The basic system and all its "faults" Mr Yen talked of have been in place for some time, they will never be changed until after a crash , and then only piece meal. But all the same faults that caused the Japanese economy to tumble are built into our system , as their system was on our blue print, it just tumbled over there sooner as the age of their retirement population was well ahead of ours. (7) Any one who is really looking now knows the baby boomers are in deep kimshee when it comes to retirement..the recent move to put S.S. invested in the market is the last gasp. Japan did the same thing to try to stop the fall, all it will do is PUT tax dollars into the market , breeding even more corruption in a last and final song to the ponzi scam instigated by the international investment bankers with the Fed Reserve in their hip pocket ever since it's inception. -------------------- Bye Bye American Pie ( remember the song ) well it can't help but happen, America has been sold out by her leaders, and the future of her children pawned to high heaven & leaving them strapped to a debt they can never pay, all in a mad orgy of self indulgence by parasites who claimed to be heroes of capitalism.. I have never seen any "isum" that didn't go insane. From fascism to Nazism to Capitalism they all fail in the end , it's not just the "isum" part , take the finest type of government in the world , and fill it's innards with carpet baggers and con men and out and out criminals and it will fail, as you can never get them to police themself. -------------- Jim