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Strategies & Market Trends : Angels of Alchemy
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To: HandsOn who wrote (95)5/22/2000 12:30:00 PM
From: flyboy   of 24256
 
Yes you too John. This is an interesting period. I had put the Nasdaq bottom at 3200 in march. I expected some form of a rally after that. I was disappointed that we did not break 4000. It seems like we are being Japaned by our own government. A have many friends that are newly unemployed due to the fall in technology available funds. Since they are getting severance pay for about another month they have not shown up on the unemployment #s. Didn't wee see something like this in Japan a few years ago? Seem s to me that we are following the same path in different fashion. Is the fed going to wake up or are they going to do a Japan and wait until interest rates are forced to zero?
Sadly there is no institutional support for many overly inexpensive issues because these institutions are in fear of a depression.
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