Gregory: Why is the market dropping?
A few thoughts:
Suddenly, the New Economy is faltering:
A Danger Zone for Dirt-Cheap Net Stocks
businessweek.com
And Jubak points out that : “ Debt woes reach out
and squeeze The Telecom sector :
" the lifeblood " of The New Economy:
moneycentral.msn.com
Not only that but “ Cash Crunch Threatens to Slow Optical Network Buildout “,
the jewel of The New Economy
thestreet.com
So then Cisco, Lucent and Nortel become
: Prime Lenders for the Network Buildout
sort of …Vendor of Last resort…
thestreet.com
Thus because Liquidity and The Economy move in lock step
somebody asked if money is coming in or leaving CSCO, Lu, NT,?
And the picture showed up that money is leaving:
interactive.wsj.com.
interactive.wsj.com.
So suddenly….The Money Effect …assumes primary importance:
Message 14737492
And we find out that….:
Liquidity and Markets:
This Time It's Different : Money IS moving out
Message 14737185
And so lo and behold somebody just yelled Fire Fire, in a crowded theatre:
Get out! Get out! Whoever you are!
moneycentral.msn.com
Whereas somebody else said the same thing in a more
Pensive, philosophical vein:
The Oracle of Dow......The Bear is coming
Message 13861774
So that finally, after all the beans wwere counted, it looks like we are heading…
for the poorhouse again……at least for a while……..
And funny also, the same thing seems to happen every few years,
Or as somebody said:
There is nothing new under the sun,
Cheers
TA
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Message #62034 from Gregory Mullineaux at Nov 8, 2000 2:21 PM
could someone riddle me this? What's the logic behind the selling today? I don't want a TA reason, I want a reason behind the TA. Election uncertainty factor seems misplaced. What are they worrying about? Gore can't be that bad for the market. It would seem that the October selling was more then the normal selling we get that time of year based on what appears to me to be an over reaction we are getting today and that we haven't seen the low yet. I suppose the real tell will be when the election is decided.
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