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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Paul Shread who wrote (34284)10/27/2000 9:59:41 PM
From: Terry Whitman  Read Replies (1) of 42787
 
Looks like Hahn's Corner read this situation like a book. Posted on thursday night-

Updated: Thursday, October 26, 2000 9:24 PM

Market summary

Everything points to a major government intervention in the markets on Friday. After all, it is very close to the election and VP Gore's election chances are sharply diminished if there is a market meltdown. Market declines may happen anyway, but chances are... a last ditch effort to steer the markets away from the edge of the cliff is about to be implemented. The intervention may have begun today, because the markets were close to an impulsive move down. It's probable that Friday's GDP number will show economic weakness, which means the Federal Reserve is done raising interest rates, but too weak a number undercuts the premise of solid earnings growth for the nation's businesses. With a looming energy crisis and a potential currency devaluation domino effect, we may see intervention in the currency markets, the energy markets and the stock markets before the weekend.


home.att.net

Did you see the $ and gold get sold like hot cakes in the morning? Did the indices get pushed up today? Did oil get sold too? 3 for 3. The Mets could have used him in the Series. LOL
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