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Strategies & Market Trends : Galapagos Islands
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To: sun-tzu who wrote (44732)7/22/2003 4:10:48 PM
From: Jorj X Mckie  Read Replies (1) of 57110
 
If we were earlier in the cycle, I would agree with you. But more is needed than just the news. You need a lot of shorts and you need a fair amount of liquidity on the sidelines that is ready and waiting to get into the market. At most, I believe we could get an exhaustion rally out of Saddam's death.

I'll excuse your condescension at the same time point out that the SPX and Dow have gone absolutely nowhere in over a month. On top of that, the momo leaders like the Bios and semis have also gone nowhere. This is a different market than March/April/May.
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