DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: KM who wrote (14225)	9/22/2001 5:52:38 PM
From: TraderAlan	Read Replies (1) of 18137

Just my site. I'm expecting a relief (may not be the appropriate word) rally if/when we have a quiet weekend. I'm looking to buy security plays after folks pull them down a bit. Maybe sell some stronger stocks that just broke this week. Have you ever seen Dow swings like this? Still watching gold closely. If it breaks $300/oz and XAU breaks about $62, could be multiyear bull in progress. My private concern may be a bit different than others. I'm worried about keeping the markets open in the months/years ahead. Economists/politicians/analysts are all looking in the rear view mirror rather than straight ahead. What will happen to the insurance carriers if their cash is gone because of more events? It's foolish to look at past "sound-bite" wars for guidance on today. They were just inconveniences. I heard someone compare this to 73-74. Nonsense. Much closer to 1929. But we are in a stronger financial position. That 1990s surplus may come in very handy. Older Americans are in a very bad position. Their retirement funds probably peeked in early 2000 and they've been waiting out the recession cycle. They are the ones who could really start selling to protect their diminished assets. Alan

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