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At 07:15 AM 4/13/98 EDT, GREHERT wrote:
>In a message dated 98-04-06 20:55:02 EDT, you write:
>
><< I don't see it still. Last month another $24 billion went into stock
> mutual funds. Next we will see that that mony will switch from buying
> blue chips to whatever they can find. >>
>
>I agree completely. The bull market is alive and well. Anyone who analyzes
>the last 4 corrections knows that we won't have a correction until the
>Russell2000 outperforms the Russell1000. We need some frenzy before we
>correct.
>
>Best regards,
>
>Jerry Rehert (grehert@xxxxxxx)
>Check out my WebPage: http://members.aol.com/grehert/
>April 13th, 1998 @ 12:29 am
>Atlanta, GA
>
Jerry,
I am falling in with you. Now we saw 27.5 Billion go into stock funds!
An abundance of money is seeking a limited supply of stocks.
Basic economics says it will next go for a satisfactory substitute: too
few blue chips, go for the mid-caps; too few mid-caps, go for the Russel 2000.
I wonder how much of that cash infusion is due to masses of people paying
only minimums on their growing credit card debt.
PeteNa
P.S. Say, did you see the article by the 2 scholars March 30th in the Wall
Street
Urinal? They argue that the market would be valued fairly even if the
average P/E was twice today's average? Wow. How many have read or have
been influenced by that?
petena9090@xxxxxxxxxxxxxx
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