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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (2361)7/6/2000 5:38:58 PM
From: Rarebird  Read Replies (1) of 436258
 
<The Fed is printing so much money, you simply don't get a BK with such a deluge of liquidity. doesn't matter if earnings are lousy...all that counts is the amount of dollars in the system>

Those are Wise words of Wisdom. Also, I think the 37% decline in the NAZ earlier this year discounted the earnings shortfalls we are now hearing about.

I'm long the QQQ here but I'm no flaming or raging bull. I think the Naz can rally back to 4450 by the end of the year before we get another leg down of consequence below NAZ 3000 in 2001.

I agree with you about July 16. I think it might be a cycle high.

The XAU looks horrendous. What a pitiful dead cat bounce today. I still see some kind of rally forthcoming this summer.
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