SI
SI
discoversearch

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 : VOLTAIRE'S PORCH-MODERATED
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Boplicity who wrote (14386)11/11/2000 3:28:38 PM
From: Voltaire  Read Replies (2) of 65232
 
Hi Greg,

After thinking about it, until there is a smidge of evidence that Bush is going to be the next President, the Markets are absolutely at the Mercy of the Houses because there will be no upward pressure from buying.. Generally when they see a mini-crsis they are shark like because they know things will be rectified soon and that short lived crisis presents an opportunity for rich returns. I am convinced this is what transpired with the downgrades in the computer and chip sector Thursday and Friday. I am convinced the Houses viewed this as a short term problem presenting them a golden opportunity.

The problem now is not the crisis, but what will be the Time Capsule for this debacle. I at first felt it would be short lived, I am not convinced of that now. This could be somewhat stabilizing from the Houses standpoint because once they begin to see there is an inherent danger to their inventories over a longer period, it gives them pause and it could give them reason to stabilize.

SO - what bet do I make?

I am going to put the House theory to test and go with my second contention, THE HOUSES STABILIZE AFTER A LITTLE MORE DOWNWARD PRESSURE -

I SAY WE FINISH NO LOWER ON THE NAZ THAN 150 points from where we closed on Friday between now and Jan. as opposed to your contention we keep going lower and lower and lower.

What say - a bottle of Dom?

V
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News