Eichler, man, you're willing to acknowledge the effect of phases of the Moon on market patterns, but unwilling to acknowledge the potential mass psychological (and therefore tradable) importance of national-electoral-Oedipal closure? The fall of the bull (whether New Economy Bull, or the bigger Tech Bull, or, perish the thought, the great secular Bull, or even worse!) and the election campaign, the whole unanswerable question of what really counts... of which counts count... P/Es or chads, support/resistance or interest rates, inflation or phases of the moon and the Earth's rotation on its axis and round the sun and on and on... if any of them matter, then they're all linked...
And to me it's tremendous - probably momentous and easily fascinating, in a word, maybe real and really fun. You can call him "Bore," but I'm going to luxuriate intellectually in every analyzable syllable of his speech, and Bush's, too. Pass the popcorn! What a great country!
To each his own, I guess.
Anyway, 2820 is a fine count, a good launching ledge... gap closed, go where you want and can, or fall... a price memory from just before the great infinite perpetual (almost) rally that was. It could get worse again, sure, but, considering all we've been through in tech-land, from the depths of crisis and impeachable scandal, through hyper--boom and -bust, and now this last mass psych-out... 2820's still pretty impressive... |
