INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (8361)	5/12/2000 10:50:00 AM
From: Gersh Avery	Read Replies (1) of 11051

Hi DJ .. That effect that I mentioned so long ago .. everybody is addicted to the market .. Market goes up .. "let's blow some cash. After all, we're rich!" Market goes down .. "Oh my God!! Pay off some credit cards quick! Those Wall Street bas@@@@@ ripped us off! No! We can't buy that bauble today!" US consumer spending is linked to the well being of the market. The read on the "news" for now, is that lower consumer spending will make it less likely that the fed will raise by .5 .. good news for the market. I think that we just might run up into 6/2. If we do, I think that would be the greatest day to get short. I might go after the QQQ again, with puts this time. BTW .. I think that the fed only does .25. The market already has part of the expected .5 built into it.

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