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The brokers have been really smashed and there are probably some good values
in there, however they haven't been smashed as long and as hard Asia and the
small caps. Noting some signs of bottoming in both Asia markets and
currencies and the rush of US firms to survey/acquire depressed assets in
Asia, I started using investment accounts to nibble on Vanguard's indexed
Asia fund about a week ago and was astounded by combination of some market
stability combined and yen appreciation - fund was up 12% in one day. I'm
sure there's far more up/down ahead but I like the fact that all talking
heads agree that it's too early to buy Asia. When the talking heads give up
on small caps it will be time to buy.
Earl
-----Original Message-----
From: Robert W Cummings <robertwc@xxxxxxxxxxxxxxxxxx>
To: The Omega Man <editorial@xxxxxxxxxxxxx>
Cc: Omega List <omega-list@xxxxxxxxxx>
Date: Friday, October 09, 1998 8:18 PM
Subject: Re: IT'S A BEAR MARKET
>
>Well a human indicator named Warren Buffet has been buying MER. Remember
>Gradville's bathtub scenario smart money leaves first and enters first? The
>herd is heading for the exit gates and the side lines.
>
>Robert
>
>
>
>At 09:16 PM 10/9/98 -0400, The Omega Man wrote:
>>
>>Is there any doubt among the members of this list that we are now in a
full
>>fledged stock bear market? Is there anyone whose indicators are bullish?
>>Anyone NOT looking to press the short side? I'd be interested in hearing
>>about any indicators that are forecasting higher stock prices in the
>>intermediate term...
>>
>>
>>Good trading,
>>
>>The Omega Man
>>
>>
>>
>>
>
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