Scared but Hopeful.....its true,...the SI cloaking device is a superb function very few people know that you obviously have a "good grip"...<gggg>
But, I must go back to what I feel is a failing in "ones" analysis of the markets at large. Much like on the "other thread" people dwell to much on the obvious...which is "teckies". Teckies did not propel the Dow to +10,000. Teckies will get their just dues in the short hall, I agree, Nasdaq will obviously suffer the greatest, but how that is translated into a "bear market" or pending death is a mystery to me, and continues to be.
We can't be 'selective" in our analysis of the markets. My belief for many years, and it has held me oin good stead is, analysis of the "whole" without getting down into individuals. The best in the world do not clutter themselves with endless graphing to arrive at a conclusion as to market direction. They use an "understanding of the market, and the people that support it...the investor".
I never believed in the term "Investor capitulation, and still don't! The lack of "liquidity" that is so often quoted in this market, was aproduct of Greenspan impregnating to many "dollars" into the economy prior to Y2K, he is now attempting to "correct his mistake". This, in the shortterm will create illusions of concern, but will be sorted out before July.
Thanks for taking the time. I will comment on your specifics as the day unwinds.
the Chief |
