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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jimbo who wrote (40226)8/14/2001 11:46:06 AM
From: Jim Willie CB  Read Replies (1) of 65232
 
the Houses will continue to throw Chip Curveballs
as long as the investing public continues to swing and miss
I laughed hard when I saw INTC pumped yday
what? a two hour followthru?
didnt we watch that ruse two weeks ago?

most investors dont realize that chips are not the leading indicator
it is chip equipment stocks
so a chip fake is easy to sell

economic signals precede any chip or chipequip indicator
only junk bonds are showing any life
and they resemble a guy rising with one arm merely to puke

I found the Citicorp layoffs interesting
some momentum downward in financial services
that is the last piece to break down imo
then consumer spending tightens much more
really looking forward to hearing of massive WallSt layoffs
brokers, investment bankers, analysts -- all the conmen
lay them off before the lawsuits get out of control
/ jim
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