Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tradermike_1999 who wrote (577)	11/9/2000 12:48:54 AM
From: Street Hawk	Read Replies (1) of 74559

"My view was that once the election was over the market was going to go down no matter what happened. Everyone had already bought stocks expecting (knowing) that they were going to go up since October was behind us and the election would soon be as well. At the margin, anyone who wanted to buy felt they had to in front of the election because the outcome would be benign, therefore the only people who were waiting for the election results were sellers, who felt like they would get higher prices." - Bill Fleckenstein in today's Market Rap Basically sums up Wednesday's action. I've noticed that many of the short selling gurus are optimistic and are going long and looking to buy on dips. When I see that happen, I usually feel much more comfortable being heavily short.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next