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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

681.0. "Is the market high as a whole?" by DECWET::LAURUNE (Bill Laurune, DECwest Engineering) Mon Feb 14 1994 16:42

    
    We're hearing a lot of prognostications to the effect that the
    market is high, and that there may be a correction. Looking at the
    Dow, I can see why. But in the Sunday paper, I noticed that for the
    last 12 months, the S&P 500 is only up about 5%. That doesn't
    seem like a hugh number. Is that a big rise for the S&P 500? 
    Have the big-cap issues in the Dow greatly outperformed the S&P 500?
    
    BL
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681.1See topic 643NETRIX::michaudJeff Michaud, PATHWORKS for Windows NTMon Feb 14 1994 17:240
681.2Which way is up?ODIXIE::GELINEAUFri Apr 01 1994 03:483
    
    Not as high today as it was last weeK!
    
681.3ZENDIA::FERGUSONRed XFri Apr 01 1994 15:453
Seems like there is some resistance at the 3500 level, either
that or people were being kind 'cuz its easter...

681.4Technically speakingVMSDEV::HALLYBFish have no concept of fireFri Apr 01 1994 16:357
> Seems like there is some resistance at the 3500 level, either
    
    You mean "support", not "resistance", and probably meant the 3600 level.
    Anyhow, it could be because somewhere around 3586 represents 10% down
    from the top (~3986).
    
      John
681.5credibility of the coming reboundNOVA::FINNERTYlies, damned lies, and the CAPMFri Apr 01 1994 17:5811
    
    security returns are somewhat negatively correlated over a period of
    about 2 weeks, i.e. a rebound of some magnitude is likely if we don't
    get adverse news over the long weekend.  
    
    during the rebound there'll be a lot of people saying "see, the market
    never really goes down for long, you've got to just buy and hold". 
    there'll be a lot of bears (as well as bulls) who will be looking for 
    trading profits over the next couple of weeks, but the interesting 
    activity will begin about 2 weeks from today.  Then we'll see if the 
    bear has really been awakened from hibernation. 
681.6What went up is now on the way down...CARROL::YOUNGwhere is this place in space???Mon Apr 04 1994 13:1412
    Market's down 67 points at 10:00EST today...i guess the unemployment
    numbers released on Friday were just a little too positive for folks...
    any thought's on whether or not a stampede mentality will set in...
    could be a real bloody bear run if mutual fund holders begin to bail
    out.
    
    One thought i had is that the markets may not be as concerned about
    inflation fears as they are about what higher interest rates will mean
    for the government deficit picture...
    
    Any others,
    		Doug   
681.7What's happinging out there?TOOLS::TLE::PERIQUETDennis Periquet, DEC BASIC compiler developmentMon Apr 04 1994 14:4212
    
    What were the unemployment numbers?  Do you have figures?  
    
    I just called Schwab to get some quotes & news and got a "due to market
    volumes, please call after 4:30 EST unless you have a monetary trade,
    etc." message.  What's going on out there?  How's the 30-year T Bond
    trading?
    
    Thanks,
    
    Dennis
    
681.8Anyone want a job??? Why??? No one needs one...CARROL::YOUNGwhere is this place in space???Mon Apr 04 1994 16:4010
    Unemployment stayed steady at 6.5% but 500,000 new jobs were added last
    month which was the highest level of monthly job creation in 5 years...
    
    Reich said the reason that the unemployment figure stayed the same is
    because those out of the job market and not actively seeking work where
    coming back in....which begs the question..."How many people are really
    out of work???"
    
    Go figure...
    			Doug
681.9VMSDEV::HALLYBFish have no concept of fireMon Apr 04 1994 17:578
.7>    What's going on out there?  How's the 30-year T Bond trading?
    
    Friday bond futures fell 1 20/32 in heavy trading for a thin market.
    Today the futures are off a further 1/4 or so.
    
    DJIA is recovering but off 1% to just below 3600.
    
      John