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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (32138)3/1/2001 11:25:35 AM
From: stockman_scott  Read Replies (1) of 65232
 
CS First Boston is saying on CNBC that cash levels are at 15 year highs....Short covering is taking place...This ANALyst still thinks it pays to be cautious and wait for Greenspan to speak.

Why doesn't Greenspan just lower rates .75 pts in the next week and be done with it....I guess that would be too easy. Maybe he wants to see some more pain in the markets -- got to love those excessive valuations <G>. Maybe Greenspeaks' personal investment managers are shorting the market or investing in bonds...lol.

Oh well....I have got to head out to a meeting...Time to ignore the market. This storm will end and we will see better days.

Keep the faith folks.

Regards,

Scott
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