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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: bwanadon who wrote (7286)1/2/2001 12:35:40 PM
From: James Strauss  Read Replies (1) of 13094
 
bwanadon:

Now is a good time to hunker down and not get caught asking the question "when will the January Effect be good to the cheepies?"

We didn't get a positive last day of the year close in 2000... We didn't get a positive Nov/Dec... The market is telling us something... It doesn't like what it sees in the next six months...

If we don't get two rate cuts this month by the FED the slide will continue... One rate cut is not enough to undo that last 1/2 point unnecessary rate hike... Any tax cut large or small won't be felt for at least 6 months...

Cash, bonds, or being short seems like the best strategy at this time... For most people, money market or bond funds should be ok for now...

Jim
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