Earlie/Mike/Others:
Thanks for responces. I have given considerable thought to some of your ideas but have some important reservations.
Regarding: AG freedom to act with impunity and drastically cut rates in the event of a market lockup. I suspect he has that freedom. We have convinced the worlds savers(japan) that nothing is more important to the american consumer(of their goods) than a strong US stock market. AG will be able to act because the remaining CB's of the world will give him the freedom to act. Secondly, the worlds markets know that a US meltdown will take them with us, something they dont want to happen, so their cb's support us by default, not because they like us.
Regarding: the stocks which are off their highs and so money has been made. My comment was it is difficult to make a living by trading prowess if you are a bear in the greatest mania I have ever seen. AMAT, NVLS, MU, GTW, DELL INTC, etc are all at or near highs. The ones getting killed: cpu, iom, etc are the smaller players. Certainly where I need to refocus my efforts. My mistake was to focus on the biggies and that cost me money and lost opportunity
Regarding: the wounded/lower tier players. Care to offer up some ideas. Thanks |
