Someone,in a PM to me, mentioned that someone on some tv show said that the FED will need to lower rates. Here is my response, plus some consolidation of idea have been sprinkling through out my travels on SI.
<<The day the FED lowered rates would be the day that I went back on full margin. I don't know if you have been follow my post here and there on si. But I have said, not all at once mine you, that it will take three things to bring the naz to the forefront. 1) Value will have to be seen, that will take selling or time for that to happen. 2) The promise of broadband wireless and wireland will have to be better defined. 3) The DOW will have to become overvalued and have a correction. If you are watching, you can plainly see that the DOW has taken over the market. Old favorites, stocks I used to make my bread on, are coming back into focus, WAG, MMM, KO, now MO plus the uts have moved higher which always signals the dow will follow. What I mean by above is that the naz is losing money to dow, so in order for it to come back, the DOW (big board stocks) have to become overvalued and the sell off to satisfy number three above. >>
greg |
