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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (206900)11/27/2002 10:11:43 AM
From: yard_man  Read Replies (3) of 436258
 
policy makers are desperate, Earlie. Late 90's was at least 70% lies and hype --

Now we just got the 'last' rate cut (read that Bernanke speech in its entirety).

I think caution is warranted here -- a jam through the end of the year is not impossible -- or even one extending into February. Stops for shorts and saving powder for puts is absolutely essential. Early on shorts here == creamed.

2nd leg up is starting -- gonna be like '98 with one crucial difference -- the END looms. I think lots of bears are getting ready for the surprise of their life in the coming weeks ... don't be heavily short here, IMO.
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