SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dave Gore's Trades That Make Sense

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (9743)7/24/2002 3:21:53 PM
From: Dave Gore  Read Replies (1) of 16631
 
<Dave. That money leaving the stock markets these past few weeks is not going back into stocks soon if EVER IMO.>
M

Mish, how quickly things change. I had to pull up your statement from a few days ago, especially in light of the record multi-day volume. Your sentiment (and that of others) provided me with a great contrarian indicator.


That's why strong statements of bullish or bearishness are dangerous. Emotion plays such a big role and so many have lost so much money the last thing they want to do is miss a big rally. This is a VERY active summer, with record volume days all week. We will go back down, but watch how quickly stocks will really climb if we get 2-3 UP days in a row. Right now, everybody expects the rally to fade going into the close and tomorrow. It sure might, but if it doesn't watch out!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext