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Politics : High Tolerance Plasticity

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To: kodiak_bull who started this subject3/12/2001 2:58:29 PM
From: Sharp_End_Of_Drill  Read Replies (2) of 23153
 
The VIX is saying buy buy buy, just like the end of December. Is it for real, or are we on the cusp of a real crash?

quote.com

Bought some more CSCO 18-7/8, some ACTM 16-1/2, and shorted more GM at 59.16. Not looking for anything more than short term scalps lately.

Seems to me the bad news is becoming too obvious. With Japan likely doing a big puke at the end of the month I would expect Easy Al to come through with a big rate cut just prior to that date to attempt to prevent complete collapse (Damn the inflation, full speed ahead!).

Also, a great deal of dumb money is getting permanently flushed from the system as we speak via margin calls and Joe 6-pack giving up. My contrarian streak is telling me to buy when the blood is flowing.

Sharp
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