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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (230276)3/22/2003 3:52:15 PM
From: marginmike  Read Replies (2) of 436258
 
true, it is a dilema. However Shack, allan and others are bullish, whille Zeev and most, though not long are looking to short the top, or are flat. Meanwhille my dad, some people I talked to this weekend, most of whom I consider "Dumb Money" all believe this rally is doomed. So I will respectfully disagree with you on the contrarian nature here. I think this rally has a way togo. I am flat in either case, but if I had a gun to my head id be buying calls. There are few anamolies in this rally that didnt occur in last headfakes 1)Bonds have sold hard, as has gold 2)Credit spreads never widened out 3)COT have covered much more then last two rallies 4)No IPO's, dilution etc 5)No endless bottom calling. JMHO
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