Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Compadre who wrote (14962)	5/26/1999 12:27:00 AM
From: Ira Player	Read Replies (1) \| Respond to of 99985

Been lurking for a while. Thought I'd toss in a little comment. Not technical, just an observation. While having lunch today (West coast, lunch is market close hour, 3 to 4 EST), I overheard many people discussing the markets. Several were concerned about the last 2 weeks and were going transfer their 401(k) funds into the guaranteed fund. Out of the growth funds, into the interest bearing. If they do it before end of day (4 pm EST), that's a lot of 6 figure accounts suddenly liquidating, if the feeling is more rampant than my little corner of the world. The mutual will have to sell to cover the withdrawals ... I didn't hear this kind of talk during the little stumbles in February, early and late March and mid April. The "retail" folks are starting to worry. I believe Joe Public will not treat this stumble as a buying opportunity, as he has in the recent past. This could amplify the correction substantially. Not scientific, but, what is... Ira