Market Direction Predictions and BS guesses Message Board

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Strategies & Market Trends : Market Direction Predictions and BS guesses

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To: SBHX who wrote (131)	6/2/2000 8:46:00 AM
From: the Chief	Read Replies (3) of 234

Bulls win again. Unemployment rose to 4.1% ...expected 3.9%...deminishing the chances of a further rate hike, the market is going nuts. Dow Futures up 165 and Nas futures 110 Hard to read these numbers into a chart...until after the fact. The other thread is already calling for a shortterm break in their "bear market" and forecast 3000 in the near future....woulda guess that they would still be bearish. Drag up another 30 charts to support the theory. The plain and simple truth is the investor will not capitulate "as dictated by the mutual funds and analysts". They used to run the show, now they have to follow the investor, they don't like that. The problem with this is "Greenspam" is still obsessed with the market, so may just pull a bonehead move to attempt to control this perceived "exhuberance". I say once again, Greenspan has no business in the market, and it should not be one of his priorities to control it. the Chief

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