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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: oldirtybastard who wrote (196951)10/11/2002 9:46:51 AM
From: stan_hughes  Read Replies (2) of 436258
 
I don't know about whether it "will save us", but there's a certain degree of validity in the premise that the money from the last round of re-fis is about to actually arrive in consumer wallets here. That's based upon the usual administrative lags from when the apps went in ~60 days ago.

That might cause a bit of a rally by the people that have their ear right to the ground (daily/weekly sales reports from autos, retailers, etc.), but it won't change the corporate situation, nor does handing JSP another bullet prevent him from committing economic suicide.

However, it might make a nice traceout of a bounce here before the hoopla dies back down and we go for that third knock on SPX 775 before we crash through it.

A lot of ifs and maybes admittedly, but I can picture things playing out this way. By my calcs the short term upper downtrend line on the SPX is at ~900 and the intermediate line is at ~950, i.e. there is lots of room to move around and still be in the downtrend channel
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News