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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (3439)5/4/2001 11:20:12 PM
From: westpacific  Read Replies (2) of 74559
 
Jay - no one can call this market, that is just it. First this whole April rally was Fed liquidity. Not earnings, not recovery, not escaping recession. Only one thing LIQUIDITY.

The fed will lose this war, when is the question, not if.

Today showed more of the reasons why I am out of this market - we rallied because people see a 50 basis rate cut. No one is willing to look at the real news. Bush announcing a revision down in GDP and the employment report showing a tailspin.

But none of that matters, the FED WILL SAVE US.

So this is how it is, bad news is good for the market. And thus we are in very scary times, even more so than in the bubble.

West
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