VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Boplicity who wrote (28423)	1/5/2001 7:59:28 PM
From: Zeev Hed	Read Replies (1) of 65232

Greg, why you are assuming that I am a bear here, I know not, today I was busy all day deploying all the cash I raised late Wed and early yesterday, as a matter of fact, the decline today was so bad that some "outrageous bids" got filled and I ended up more invested than I targeted (my target was 20% cash (from 60% cash) by the end of the day, but I got to 15% with few outrageous bids filling). I would say that here at 2400, is a little late to be very negative, at 2650 earlier this week, we were only 200 Naz points from my target high for the first half of the month. My target for the January peak was 3050 (and we can still get it later this month if it becomes apparent that on the 31st, the Feds ease again). Of course the market may start and discount the post fed easing before the fed even eases, but that is another story. Zeev

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