Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (4318)	3/25/2002 4:09:53 PM
From: Bucky Katt	Read Replies (1) of 16631

Dave, the problem is the "stupid money" which is mutual fund money and small investor money isn't playing the greater fool game this minute, so we are locked in a trading range, the market moved up too fast since September on the thinking that so called cheap FED money was going to bail out an already declining market. It worked well for awhile, but now that the next FED move will be an increase, that wind is gone from the sails.. I think the market has a good chance of falling off a cliff in the next few months, which is one reason I hold the SPX short, which is down a real sweet 1.5% today.... Those 3 big caps I mentioned are always good traders, long or short..And I will just keep trading, no matter what the market serves up.

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