Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: SouthFloridaGuy who wrote (1295)	12/6/2000 1:13:57 PM
From: Tommaso	Read Replies (1) of 74559

Don't fight the tape and don't fight the Fed. Well, the tape has been steadily down, with intermissions, since last spring and the Fed is still sitting on a string of interest rate increases. So I guess it depends on what one is fighting--a one-day reversal plus a little hint from AG, or the actuality of the past year. On the shortest possible horizon, since 9:30 this morning, the dollar is down another one percent against the euro, natural gas is hitting unbelievable levels, oil is still high, gold and silver are up, the stock indices are down, the warnings and bad reports continue to accumulate--and the bullish sentiment is still very high. The only thing missing is the failure of a major financial entity.

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