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Politics : High Tolerance Plasticity

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To: chowder who wrote (15530)7/24/2002 3:50:08 PM
From: Archie Meeties  Read Replies (1) of 23153
 
Broad market does look strong, not like those futures driven ramps we've seen recently. I'm waiting for the semis - today I couldn't seem to climb over that wall of worry that forms a bull market. -g-

I also can't bring myself to exit the utes and osx to rotate into the semis. I think the utes are safer plays at the moment, and I was pleasently surprised that they did more than preserve capital today - although I think a repeat performance is unlikely.

Buck turned today, completing what looks like a technical bounce. Don't know what to make of that yet - but I'm sure a sharp move down will keep buyers at bay, even though I think a weaker buck is just about the best thing that could happen to us industry and that dollar depreciation has been planned a long, long time ago.
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