|
PureBytes Links
Trading Reference Links
|
It's a bit ironic to use the word wunderbear the day before the market melts
down. It's just the point that the funds are pouring into stocks at the rate
of $100 billion per week is a line used by everybody to say it's a bull
market and that may be reversing, now they are pouring out, at least today
they were, and have been for months. That's why the Dow dropped like a
stone. How could it possibly be a bull, on an hourly bar, minute bar or a
daily bar basis?
And on the bear vs. bull publications being 10 to 1 that's not true, the
published majority are have been bulls, Abbey Cohen right up to last week!
until very recently. In New York analysts get fired if they use the word
'bear market', it's bad for business and even when a bear market is staring
the public in the face and the market is melting down, they still say it's a
bull market. That's the only liars' poker related to this thread.
I don't doubt for a minute that the funds have more cash than they know what
to do with like you say, especially when they pull it out of the stocks,
like they are now doing with all the stocks, including the blue chips and
the NASDAQ tech and internet stocks. I'm not grasping at straws, just
calling it like I see it.
Like that massively overhyped internet group of stocks for example. Classic
liar's poker, IMO.
At 08:37 PM 8/31/98, you wrote:
>Michael aka Wunderbear,
>
>>Jack, ....wunderbear calling,..... come in please.
>
>>On the matter of the inflated fund flow numbers you cited below here is a
>>sign that things are changing quickly posted today:
>
>NEW YORK (CNNfn) - Investors pulled a net $3 billion out of stock mutual
>funds in the past week, according to Trim Tabs, a newsletter that tracks
>mutual fund capital flows. If this pace continues, it could be the first
>net monthly outflow since
>September 1990, just before the Gulf War, said Trim Tabs research director
>Carl Wittnebert. As it is, August looks like the lightest month of
>stock-buying
>since 1991.
>
>One week? That's it? Given the source (CNNfn), I would rather believe
>Clinton.
>
>My private sources say the funds got more cash sitting around than they
>know what to do with...a large amount is going into bonds; institutions are
>buying T-Bonds hand over fist. I suspect that the outflow is going into
>bonds.
>
>Geesh, you are really grasping at straws now...
>
>-Tony Haas
>
>BTW, I've had enough of "liar's poker" and this thread, see ya...
>
>
>
Michael Paauwe
mpaauwe@xxxxxxxxxx
|