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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: Doppler who wrote (61190)12/7/2000 1:57:18 PM
From: Jorj X Mckie  Read Replies (2) of 63513
 
Yes, it has really bothered me that we haven't had true capitulation yet. I have rolled the idea around that we have had a sector rotation capitulation, but that just seems like wishful thinking to me.

I do think that the dovish talk from Greenie may indicate a real turn in the market. In light of the BofA earnings warning, I would not be surprised to see the fed do more than just go to a neutral bias. If Greenie dropped the interest rates by 25 beeps, the market would get major wood.
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