SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : For Hedge Fund Analysts and Managers
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wizard who started this subject12/22/2000 12:50:00 PM
From: KM  Read Replies (1) of 499
 
Hays update:

Aaron Task
sentiment
12/22/00 12:08 PM ET
speaking of sentiment and bears, Don Hays of Hays Advisory switched from his previously bearish stance to a short-term bullish one this morning.

I'll have more on this later, but he cited a steep decline in the American Association of Individual Investors sentiment survey to 31% bullishness from 60%. He also cited the steep rise in Treasury bonds, which is aiding the monetary side of his allocation equation.

Hays admitted being surprised at how quickly his allocation model shifted, just two days ago, of course, he was predicting pretty much Armageddon.

Hays 2
12/22/00 12:26 PM ET
reading further into Hays' piece, he writes "I wouldn't be at all surprised to see the Fed cut interest rates in the next two weeks."

This begs JJC's point about after 1998, you can't afford to be short/bearish if there's even a hint of a chance the Fed drops an intermeeting rate cut.

Also, Hays sticking to his stance that his is only the end of Phase 2 of the bear market and that there will be a third-stage next year, which will hit both blue-chip and New Economy stocks alike. He considers this more of a trading rally with good upside potential than a reemergence of a long-term bullish trend.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News