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Strategies & Market Trends : Sharck Soup

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To: velociraptor_ who wrote (12432)3/20/2001 3:13:48 PM
From: JRI  Read Replies (2) of 37746
 
Velo- the mere hype over 50 or 75BP in the press makes me realise that the market is fundamentally weak here.....look, Greenspan has lowered 3 times in 2 months...150 BP total....if that can't put a charge in the market?....why should 25 BP more (or 50 BP) make that big a difference?...surely there is some law of diminishing returns in there somewhere...

But as important, I think, is the "hopeful" attitude about what 75 BP....so many looking for a lifeline...that's not the basis of a healthy market, IMO

I'm back to thinking we need a real good intermediate-term fear bottom (and soon)....as the only springboard for a rally....

Back below 1900...ouch....look forward to your next commentary.
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