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

To: Vitas who wrote (16097)	6/5/1999 3:33:00 AM
From: Berney	Respond to of 99985

Vitas, I really, really understand your point about the long term!!! Being an accountant by trade, which some have said makes me genetically conservative, expounds much verbage on the issue. I have spent most of my adult life looking out that rear view window. It took Bill and some others to make me understand that (sorry Mr. Buffett) I'm not buying the company, but only a piece of paper. Somewhat similiar to "In God We Trust"; but, this one says in Capitalism We Trust. Okay, I'll bite. But then, I've got to wonder how much it is going to cost us to rebuild all those bridges in (where is it this time) that country where those $.5M missiles obliterated them in the first place. Why is it that I feel that we should just say to China ... or we will blow up your embassy by accident. I guess I'm just getting too hard core in my young age. Peace is at hand! Contrary to popular dillusions, foreign money does not flow into our equity markets, but our fixed income markets. So, it will be interesting to watch, if lacking the serious money that buys U.S. golf places or tall buildings as a "safe haven", interest rates go up or down. I do not pretend to know the answer -- just watching. But, I will state that any smart money is not betting in the fixed income arena that interest rates are going up. I previously stated that I really hope that 1) the earnings for this year come in as expected, and 2) the Market remains flat for the the year. After last year's (slightly) negative eps, we need a flat year for earnings to come back to stock prices, based on the rear view window perspective. BWDIK Berney