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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (45881)12/10/2000 9:47:23 AM
From: Archie Meeties  Read Replies (5) of 436258
 
The problem now in clowndom is that everybody assumes that AG is Santa. A few rate cuts will not do jack sh*t for tech capex, much less PC, handset demand. They are cycling down, and would have regardless of the fed actions. Everytime I hear "Greenspan put" I see millions of clowns deploying the last of their cash b/c they've surrendered to the lowest common piece of WS BS. Faith in AG goes back pretty far into money managers beliefs, so we might get a chance at BK after this rally - the one that takes the DOW with it. In truth I'm not looking forward to it all, but how I feel about it is irrelevant.
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