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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: mph who wrote (54931)10/3/2000 8:39:15 PM
From: Jorj X Mckie  Read Replies (2) of 63513
 
It appears that the rumor of IBM pre-announcing and ORCL disappointing are vapor and that seemed to be what some of this was about. Obviously the fed was used as a catalyst, but since when has the bias really meant anything? And did anybody really expect any change in rates? Yes, it seems like a knee jerk reaction.

Also the bear sentiment is so thick you could cut it with a knife.
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