Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: westpacific who wrote (2495)	3/22/2001 11:09:32 AM
From: tradermike_1999	Read Replies (1) of 74559

Message #2495 from westpacific at Mar 21, 2001 11:25 PM Something is going to happen in the banking sector, I just feel it. Sector is selling off hard today. All it takes is some real bad news and market is in even bigger trouble. Bottom fishing is foolish, day trading and shorting bloated pigs is smart. Careful folks, this market is on thin ice - one news event and you do not want to have many longs. West Bank sector is now in a downtrend and has broken the lows set back this Fall. Banks are supposed to go up when the Fed cuts interest rates and they are supposed to lead an economic recovery. Instead they fall.....That should wake people up. VIX trading high today - people paying premium for puts, although put/call ratio not yet in panic territory. You'd think we should get another short term rally soon. But like I said - I'm not covering until I think we see a turn around that will last a few weeks - not one or two days.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next