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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: westpacific who wrote (97431)4/16/2000 9:54:00 PM
From: $Mogul  Read Replies (1) of 108040
 
*This Scares Me*

Anyone happen to catch the disturbance and near riots in DC today, trying to permiate World Bank/IMF meetings.

That in itself is not the problem, but it seems as if the World Bank, has previouslsy stated last week and reiterates that the US Mkt's and Forign Mkt's are overvalued.

I think that many of these Forign Mkt's are just about to free fall like we on the US exchanges have done. I also feel that Dow is overvalued still on a relitive basis.

What I fear is another Latin American disaster or another country we have to bail out, a crisis could be surmounting in the monthes ahead.... hmmmm

Alsothe fact that Financials are so highly leverged with derivitives (Highest in History) really makes me cringe.. I am feeling very unstable at the moment with current Mkt. Conditions...

Scalp only but realize that the MM's are going to be FIERCE and HARSH with no cushion with a heavy Bias on the down tick.

Nas has some decent support around 2900, but since every technical sindiv. stock chart has been sliced like swiss cheese proceed with extreme caution.

All of this is on my own opinion of course.. Good luck All.
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