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Strategies & Market Trends : Love shack

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To: Grandk who wrote (146)12/6/2000 1:24:51 PM
From: D. Miller  Read Replies (1) of 322
 
im not sure if the selloff is done. don't lose that bearish mentality to quickly. deep wounds take a while to heal. i think we only got a quick dose of anesthetic here.

we were thrown a curveball yesterday with greenspan changing bias. the election news was excepted sooner or later, imo a minor event at this point

the facts still remain:
corporate profits are weakening – e.g. apple will miss already lowered numbers
the economy is slowing
unemployment is still at amazing lows
the yield curve is still distorted – however shifting toward normal
we have yet to see capitulation on major indexes

imo this is a short term rally
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