The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: thebeach who wrote (63580)	10/1/1999 9:47:00 AM
From: Bryan	Read Replies (1) of 90042

relax,another headfake by the pros Doubt it very much beach. The DOW is remaining under 10400-10500. And the market is starting to realize that this is turning into a trend. IMO, this weakness will continue until Oct 5th's FOMC announcement. The analysts are looking for the FED to hold steady on rates, but they will likely go to a tightening bias. This will create a rocky environment for the period between OCT5 and NOV16 (next FOMC). I wish they would just bump up rates another 25bps and get it out of the way. Isn't GOLD telling them they have to do it anyway??? Too much stuff piling up for year end....TAXES, Y2K, RATES, etc. I think I remember Tim mentioning a while back (maybe 2 months ago) that he preferred to move into a cash position near year end. I'm sure this is what is happening now. It's funny that he is basically detaching himself from the market (with the exception of CS) and we are approaching a crucial period for the stock market. Seems like he's making good on that idea of moving into cash. I wish I could find the post, but I have no clue where to start looking. One thing is for sure, the market IMO is approaching a boiling point. The last thing I would want is all my eggs in one basket right now. The key to survival will be smart diversification of assets going forward. Don't relax too much beach, if you fall asleep at the wheel you might hit a brick wall. Just MHO of course. bk

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