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Strategies & Market Trends : 50% Gains Investing

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From: anializer	8/25/2007 6:07:32 AM
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An interview with one of the former Fed Governors aired on Bloomberg last week and the main take away was that while the discount window was open, it was only at the prompting of the Fed that a few large banks borrowed there. Conclusion drawn was that most potential borrowers either didn't need to borrow, or had other sources of funding. A few small banks stepped up for negligible funds. The other implication was that the panic which affected equities en mass was more psychological and and the market will sort out the winners from the losers. Lowry's issued a short term buy-signal for traders Aug. 14th, when renewed Demand caused the 14-day stochastic to rise back above its 3-day moving average. A conventional short term buy-signal was recorded on Aug. 22nd, when the market strengthened enough to cause their Short Term Index to increase a total of 6 points from its mid-Aug low. The only complaint across a wide spectrum of market analysts is that rebound rallies tend to last about 7 days, and this rebound rally may be technical in nature, thus far lacking evidence of heavy institutional buying volume. Problems in the housing and real estate market are not going away, but how much of it all has already been discounted by the market is open to question. Helicopter Ben is more likely to fight a recession tooth and nail than to let it all go to pot. I'm generally in agreement that the fundamentals of most holdings have not changed, and the only thing that changed was the stock prices from the ensuing selling panic. A couple of interesting speculations added last week were FTO and OMG.

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