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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (117835)12/1/2000 4:21:25 PM
From: Jenna  Read Replies (1) of 120523
 
I would NOT be pessimistic at the way stocks pulled back. So what if people are cautious? We were, it was automatic taking profits after such big gains. But it is also bullish because there is obviously going to be a lot of money still in coffers and in banks and institutions are not going all out either. They are going to have to put that money somewhere. I don't think the institutions are waiting for 'bottoms' I don't think they can or want to time the market. They are simply waiting for a sign that the Federal Reserve will ease interest rates. The fundie managers and are not excited to have a replay of what happened in the last few months. They want a 'sure thing' and not guesswork. They leave market timing to others.

They are waiting for Allen to take his battle-worn attache case and declare, "Maybe we went a little too far"
I wouldn't mind waiting for that myself, although I'm dabbling in some option calls on TLAB, JDSU and NEWP.

The market has fallen as if the interest rates were cut .75 so we should have a reprieve and Allen will rescind. If you are reading this post Mr. Greenspan "we are all waiting".. Thank you and have a great weekend.
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