Hello Bill. I sent you this very long message last night and then I messed up and lost the post. And since I was tired and the futures were up, I decided to go to bed. gg.
Interest rates. I did not intend to come off as if I did not blame some of those overdone interest rate hikes for the stock market's volatility and some slowdown in the economy. As you should know, I have always said: Don;t fix it if it ain't broke. And I stand by that. And like I always said: I, of course, don't get the big bucks Greenspan gets. gg.
Pl. read my message to Greg. I opined on this matter some further.
After I wrote the message to Greg, I read all of the articles you posted. I guess I could have saved some of my words to Greg after reading them.
Things looked pretty good today and I would think that Yaacov wished that he had traded some today. Maybe he did. gg. After all, his post was early in the morning.
Most of those techs did great. Only AOL was badmouthed again. And this time, of all people, by this screwy Blodget.
He squawked about AOL's backlog in advertising and called it bothersome. I guess this mor-- knows better what's good for AOL, than AOL does.
I listened to Bob Pitman and Steve Case and both gave very good explanations about this backlog. They held some advertisement back on purpose in case they needed to raise the prices later. I can see that AOL has NO problems with advertising. Businesses are happy to advertise on AOL. When things don't look as good with smaller cos., businesses go where there is success. Oh well, I am not selling, so I can wait a bit longer for AOL to move up more.
Oh, btw, Gail Dudack was on CNBC again. She mentioned that she was not buying yet and that she was keeping her eyes on Csco. She wanted to see Csco at 60 before going more positive. Bill said: "Well, you only have about 1.75 to go."
It was pretty funny. She looked like she was caught off guard a bit and then she replied laughingly: Oh yes, that's right. I don't think she had a clue at what price Csco was trading at the time. It was pretty late in the session. gg.
Some now say that we should have good sailing for the next 2 months. That included Ralph Bloch, who had called for a bottom in the market on Friday.
Well, I am sure we will see what's going on one way or another. Some money managers bought hand over fist today. And lots of them went into the techs. Even my RNWK was bought by the "Berger" fund. I hope I have the right fund. Don't hold me to it. But it def. was a fund. gg.
Sonny |
