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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Shack who wrote (98513)5/2/2001 4:06:25 PM
From: Earlie  Read Replies (1) of 436258
 
Shack:

I'm still cautious, but just starting to take on a few smallish positions in favourites. We all need to be fairly patient here, as the downside activity over the last few months has been remarkable and the bounce we all expected needs to exhaust itself. I suspect we are nearing that point, but am not going to be a hero about it.

Q2 warnings will commence soon and will be a bear's best friend. The next down leg could be fairly brutal, given the frenetic speculation that the Fed's money printing has encouraged.

Best, Earlie
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