LOL - lets see Spirit - according to you, we have:
1. "despite the panic today "
Sorry, but I didn't see any panic, I didn't see anyone on this or other threads panicing. I didn't see CNBC talking about panic selling. So just what panic are you seeing?
2. "There will also be quite a bounce-back soon as shorts cover and bargains are uncovered"
So, none of that volume today in CSCO could have been shorts covering? There have been people short CSCO since much higher numbers - what makes you think they didn't cover. And just what bargains are you uncovering?
3. "Consumer Confidence Problem: . . . These numbers have got to be alarming to Greenspan. And today's attack on CSCO should also be getting his attention"
you have just got to be kidding. First, Greenie could care less about where and how CSCO traded today. Fed policy is not based on how CSCO trades. Second, I didn't see any "attack" on CSCO. Their quarter sucked !!! They warned going forward. You expected the stock price to rise because of that ?????
4. "Certainly if short attacks last beyond today he will act. "
unreal - just where do you dream this stuff up? I am sure the number of short sellers in the market is the key factor the Fed uses to determine whether they will ease or not. they just ignore all that useless economic data. Speaking of which, did you see the productivity / labor cost data out this am.
5. "CSCO at 30 seemed to have been the bottom"
Sure, just like you said CSCO at $34 yesterday was the bottom. Or SUNW at $28. or WCOM at $40, $30, $20 . . . . Shall I go on??? Sure, $30ish was the bottom for today - will it hold - who knows - but based on your history of calling bottoms, well . . .
Sorry, but talk about irrational exuberance. Sheesh - you seem to define it. Like I said before, nothing wrong with being bullish - as long as one is realistic and has solid reasons to be. But to be so absurdly bullish based on false assumptions is counter-productive. Give me some solid factual reasons to be bullish and I will listen and consider them. But give me a bunch of never-never land posts like above and I have no reason to listen at all |
