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Strategies & Market Trends : Market Direction Predictions and BS guesses
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To: the Chief who wrote ()5/20/2000 12:14:00 PM
From: Cush  Read Replies (2) of 234
 
Hi Chief: Been reading your market thoughts over on that other thread and on the DayTrading thread. Always impressed with the insights you've gleaned from the years of investing.

Here's my thoughts about our current market.

The markets remind me of images of a flock of sheep running around a field. Every time someone yells wolf, the whole flock turns on a dime and heads for safety. But since no one knows where the wolves are, the flock has become frozen in place, shaking for lack of direction, seeing wolves everywhere.

The US Fed (and the ridiculous Canadian equivalent) are scaring the be-jay-sus out of investors.
Earnings are going to fall off a cliff if the companies have to report the decreases in their portfolios (I think most of the big companies are carrying stock in other companies.).
That should sufficiently slow the economy.

The US Justice Dept. is being bureaucratic (what else, right?) in it's dealings with Microsoft and now the Telecoms.

The Full-service Borkers are falling over each other trying to say they saw it coming - woe the poor fools who thought they could manage their own portfolios.

Analysts and Fund Managers. Who are these guys?
Well, IMO, they're people who can't manage their own money effectively. Why else would they be doing what they do?
If they knew how to handle investments - do you think they'd be working for someone else?

So, they've currently got the market screwed.

But this won't last.

No tide ever goes one way forever.

This one is due to turn.

We'll see 4,000 on the Nasdaq in June, and 5,000 no later than the end of September.

Cush
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