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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AllansAlias who wrote (56098)1/10/2001 11:00:43 AM
From: Perspective  Read Replies (3) of 436258
 
Somebody must have finally gotten a little more OPM to burn. Nice little paint this AM. "Never mind the CSCO or INTC comments, just look at me, look at me! I've got lots of money and I'm buying this trash like crazy!" Never mind that its OPM.

It's beginning to look a lot like April, when every decline was met with wads of OPM from fools entrusted to run their money. In that environment, we learned short profits must be taken quickly. I still think the recent action indicates the Greenspan Put has expired, so I continue to fade rallies. I just need to think more like last Spring than last Fall. That said, this is likely a vestige of the January effect, and as such it may be fleeting.

I haven't been posting a whole lot lately, but with the activity following the rate cut, I've turned away from my slightly bullish posture, back to the bearish side. While I think down is getting more and more difficult to achieve here, I now think odds favor something approaching the 1930s script over the 1990s Nikkei model. Sentiment has not turned poor enough to make THE bottom, and it's too early in the recession for stocks to bottom.

We will be getting a sequence of several rate cuts, so I may dig around to see if there is any way to earn something from that forecast. However, it may already be priced into the markets.

BC
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