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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (10723)3/26/2002 12:55:23 PM
From: James Strauss  Read Replies (1) of 13094
 
Jim, the bigger untold story of another Argentine payment pass is it is going to cost more to borrow, on a geo-global basis. More risk = more cost..
The consumer confi numbers out this morn are funny, but they gave a nice pop...But really, consumers are drunk on easy money, so what else could those numbers reflect?


William:

The VIX is bearishly low...
bigcharts.marketwatch.com

We usually see the market go down when the VIX reflects so much complacency... Note that the Dow is beginning to slip below the 13 day MA...
bigcharts.marketwatch.com

As for Argentina, the short lived bump in the Peso will probably resolve in a devalued Peso from 4 to 6 to a dollar...

Jim
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