MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

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 : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dvdw© who wrote (14566)	9/11/2002 7:36:31 PM
From: Killswitch	Read Replies (1) of 19219

Please don't try to blame hedge funds or shorters for the decline this year, or the decline that is forming now. The root cause is people pulling funds out of the market. Forced selling by funds caused the July mini-crash, and it is on the verge here of causing a bigger one. One of the biggest problems is that the idiotic fund managers have resolutely maintained very low cash positions when they should have been much better prepared for this situation. The selling in MSFT starting around 3pm today looked much like forced unloading, price be damned. If you really want to try to play the long side, pick stocks that are not heavily owned by mutual funds.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next