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Strategies & Market Trends : Steve's Channelling Thread

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To: Jerry Olson who wrote (23856)	8/13/2001 6:51:41 PM
From: Rich1	Read Replies (1) of 30051

I think we are in a vicious trading range (narrowing triangle) and its gonna break one way or the other and I hope I am on the right side..<gg> meanwhile OJ...there are 1,000,000 more people out of work today than there were January 1st.. I just got back from my dentist he has put $25K a year in his pension fund for 17 years and he is up 2.4 percent per annum and he is mad as hell. So whats he doing he is 58 years old and now he is interviewing money managers..We must be near a bottom cause this guy had all techs in his portfolio...His brother inlaw is down over 250 Million on a public company that he is an officer of.. The stock ws $100 now its $8 and the guy is hoping it gets back to $30..Yet when it was $100 he wanted it to go higher... The Fed's 6 rate cuts haven't done shit.. The Bears have had it all their own way but the market seems to be holding or is that wishful thinking.. Last weeks Beige Book basically told us no better scenario the 3rd and 4th quarter of this year. We need GDP to grow.. inflation to grow..we need the FED to do something or this country is going to go in the shitter.. Deflation is for the super rich so they can screw the middle class on interest rates at the bank...Look how good its done Japan... Besides they got their money already..<gg> I think we have seen the top in the housing stocks (which is how I make my living not doing this for sure) and the auto stocks.. Aren't you glad you asked....LOL And how was your day??? Make money??? BTW my semis CCMP and BRCM did well as did OPMR.. RMBS sucks..and there are probably 100 Rambuses out there...

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