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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (44503)11/9/1999 7:27:00 AM
From: Skeet Shipman  Read Replies (1) of 94695
 
Bill,
Are you expecting us to short this market as valueless investing spills over into other sectors? What has changed in two weeks? Bond rates declined 20+ basis points. It appears the Fed isn't going to hike now but more later? Internet companies are capitalizing their annual opportunity marketing costs; some through secondaries. They certainly can't pay them out of their gross margins. Globally y2k isn't a computer bug it is a risk avoidance phenomena. Retail stocks have been declining. Yet, bullish investors are expecting this market to run like last year's. Stocks have been going up on high volume, low volume and no volume!? The lemmings are following either the herd or their gurus. Oils up as natural gas goes down with the heat wave. The spread widens on high yield bonds. There is abundant liquidity yet no liquidity. I guess I have become too spectacle to interpret and extrapolate the future. If ever there has been a time and sectors for using TA it is now. It is not insanity, nor a new technology mania. (Internet stocks are not technology stocks!) It is a GAMBLING MANIA.
Skeet

(Sun: Normal Active Storm, electron flux increasing.)
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