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Pastimes : Trading the markets.....

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To: GROUND ZERO™ who wrote (4532)7/8/2001 7:15:24 PM
From: robert b furman  Read Replies (1) of 4583
 
Hi GZ,

Back from two weeks fishing in the gulf.Had an excellent trip. Caught and released my first Blue Marlin ( been trying for 14 years).

Will try to get caught up this week along with healing all my cuts,blisters and sun burn.ggggg

Looks like we just went thru the last shake of pre-warnings.

Lets hope we get some companies that can see this econoimy turning or at least stabilizing(like INTC).

I am thinking any dip from here is a short term final shakeout kind of a gift.

We have:

1) 96 million tax rebates at $300 to $600 per tax payer.
2) Historically low interest rates
3) Minor tax relief in the witholding aspect

All of these will boost the consumer spending and cushion the selective downturn that has predominantly hurt tech capacity spending.

I still think this looks much like a sideways trading range that will confuse the impatient with the many crosscurrents of a selective downturn in the economy.

I'm very pleased with my positions. If a downturn develops from here, I'll buy on a vix spike(that I 've waited for way too long already).

Let's get this thing going with a psychology shift and some conservative company earnings.

Bob
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