Wiz, EasyAl.Com makes a difference until he no longer makes a difference. It is like Elaine Garzarelli, whom I like very much. She used to move markets. Now she doesn't. It is hard to say why. There was a time when markets moved based upon M1. Then, that got passe and they moved on M2. Then M3. Now, only M&Ms can make the teeny bopper portfolio managers ooh and ahh. <g> I am not a good predictor on this one, as I though folks would have seen through Greenjeans' silly maneuvers years ago. However, I do feel as though this time they have been much more reluctant to buy on a rate cut. They will probably move the market up less on the next one. And the third one in this cycle, if my crystal ball isn't too cloudy, should actually knock the market down. Then EasyAl will have played the one trick he knows and be shown as the empty suit he is.
Of course, I could be full of crap. Well, I am full of crap, but I mean on this subject. <g> Perhaps folks will never wise up. I just have a lot of faith in common sense taking control, temporarily, and then sending us after another golden fleecester.
I am buying calls on some tech in the most cynical, short term way, figuring that the Plunge Protection Posse will use every trick in their bags to support these frothy prices. They may be willing to dump internet stocks, but not all techs. Or, all techs, but not all stocks. Or, at least not bonds. Or, their Maginot Line moves to Haiti. <g>
Wow, Leo is a blast from the past. Like Steve, I often wanted to strangle him, but they both have some good ideas and a lot of savvy, and I enjoyed reading their posts a lot of the time. |
