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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Perspective who wrote (95185)4/17/2001 12:17:13 PM
From: Andrew G.  Read Replies (1) of 436258
 
Excellent post, bobcor. Would like Grace's opinion on this quote:

"Despite remarks to the contrary, this morning's run was NOT just the action of Ameritraders. In fact, I expect the data to show that they
were not overwhelmingly buyers today. I continue to detect the smell of burning mufu Clownbux. Judging from the Trimtabs numbers, a
lot of sideline sitters were pushed into stock funds for fear of missing out on the bottom. That money has to be burned before we get any
down. "

I didn't look at Trimtabs but I was stressing the same point from a different angle.
You can see which way the Funds and Houses are leaning, and they are either fawning bullishness or they are for real. It's all based on TA because fundamentals suck.

Also, the fact that inflation hasn't appeared despite the money pumping from the Fed is pretty weird. It gives them latitude to print more. Not a good thing IMO.
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