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Ben, it sounds like they have not adjusted the bull market risk parameters
they used for stocks versus bonds?
Earl
----- Original Message -----
From: "profitok" <profitok@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, September 03, 2001 6:21 PM
Subject: Re: [RT]Valuation/dow/sp500
> Hello
>
> Before i have retiered ,, (in 1994) I was part of the investment
> committee for a MAJOR institution
> at that time we ONLY have 400 BILLION under mgmt
> and 40 Billion of our own money,,
> The way the big money invest is this
> They compare the triple A bond yield with the Barrons 50 erarning
> yeild
> (competition between stocks and Bonds)
> and WHEN your yeild is 3-4% bettter on bonds they are only 25% in
> stocks
> However
> as of this fri the competition is ONLY 1.94% above stocks
> Which mean they BUY the dips
> they will step in to buy Nasdaq@xxxxxxxxx
> and Dow @8500-9500
> They are now 50% invested and SELLING 10 year bonds in EVERY rally of
> 16/32 or better
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, September 03, 2001 4:39 PM
> Subject: Re: [RT] There Are No Rules!!
>
>
> > Let's assume that W. Buffet is correct in that we are in for 8 years of
> > stagnation or slow growth. I did not read his exact comments and might
be
> > in error on the paraphrase. Then lets assume the Dow dividends will
> remain
> > the same or even decrease. In July they were $174 with the DJIA around
> > 10,500 yielding 1.65%. The snp and the dow tend to run into stiff
> > resistance at 1.5% dividends. It seems to me that prices are not yet
> > reflecting the reality of Buffet's analysis. Nor are they reflecting
the
> > significant tax selling directly ahead. The olde megaphone is speaking
> > rather loudly about a drop to the area between 8000 and 9000 at a
minimum
> > and that would only bring the yield up to 2%. It just doesn't seem like
> too
> > far a fetched possibility.
> >
> > bobr
> > http://www.zubee.com
> > http://www.oextrader.com/sigma_trader
> >
> >
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Monday, September 03, 2001 1:11 PM
> > Subject: [RT] There Are No Rules!!
> >
> >
> > > I have been reading the Daily Comment columns (left side of main page)
> for
> > > some months now at http://www.comstockfunds.com/ and have found many
to
> be
> > > interesting, especially since they provide some balance to the
constant
> > drum
> > > of bullishness still found in the media. The latest daily comment
"There
> > Are
> > > No Rules!!" offers a pithy counterpoint to those who argue that the
> > oversold
> > > technicals (TRIN, A/D, oscillators, etc.) demand an end to the bear
> > market.
> > >
> > > Earl
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
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> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
>
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