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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (8975)9/29/1999 9:39:00 PM
From: MrGreenJeans  Read Replies (3) of 15132
 
The Case for a Short-Term Rally

Positioned myself for a short-term move to the upside for the following two reasons:

1. The Federal Reserve will not raise rates on October 5th. Partially it is a belief that I have that they are willing to wait for more definitive economic data and partially because an article in the Wall St. Journal within the past few days which suggested, with board members as sources, that the Federal Reserve was not ready to raise rates in October. This is short-term bullish.

2. Third quarter profits will come in strongly. Question: Who does not know this? Only a few. Better question: Who is acting that this is really the case by positioning themselves short-term? It seems fewer are positioning themselves these days to take advantage.
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