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Strategies & Market Trends : Sharck Soup

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To: velociraptor_ who wrote (14229)4/2/2001 11:57:16 AM
From: JRI   of 37746
 
Just shorted more spoos...I'm in deep now......

sure the manufacturing report was better than expected....but bank, amex are beginning the process of bad results.....and just think, the American consumer hasn't even started the savings process...things are being kept floating by even more consumer debt....that simply can't go on too much further..the next leg down is when consumption gets pounded with the American consumer pulling 5% or more of their consumption into savings (or paying down debt, whatever case may be)...

Strong manufacturing report a killer for Naz....lessens the chance of a lot of Fed lowers (or smaller)...less Fed lowerings....less go-go money in tech....not so much a function of earnings, rather speculation (less money in system, less speculation in tech)....Naz looks really weak now...not able to get positive on a day that Dow is up 90
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