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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (15505)5/6/2001 12:55:35 PM
From: Jim Willie CB  Read Replies (1) of 30051
 
long lull until next FOMC in endJune, I believe
just like long lull after late Jan FOMC, up to midMarch
Feb massacre, and May massacre?

the jobs report did NOT seem like a final climax from labor front
layoffs are still accelerating

key facts:
among analysts and writers, bull/bear ratio is now 3:1
book/bill ratio for chip sector is now at 0.63
we rally in the face of this deterioration?

Zeev, I believe S&P and Dow are more vulnerable now than Naz
Dow is actually within spitting distance of new highs
the most absurd development I have seen all year

once more I go opposite to traffic
I just started a new job
while thousands are out the door holding pink slips
/ jim
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