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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%4:00 PM EST

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To: TobagoJack who wrote (2206)11/18/2005 2:28:10 AM
From: energyplay  Read Replies (2) of 217713
 
Sold all the shinny metals today,

GLD 48.38
SSRI 15.24
PAL 7.57, 7.50

The hedge funds are mutually zooming favorite stocks.
Favorite stock means what ever is UP, that they can move so more - medium size stocks, not GE or Citibank or XOM.

Metals fit this very well.

I'm going to look at a list of today's largest winners, and maybe buy those.

Trick is to get off the amusement park ride before it crashes...

******

Here is James De porrre' s view from TheStreet.com -

We had some fast and furious buying in the final hour of trading. The bulls had the edge and they piled on. Performance anxiety and the fear of being left behind was so thick you could cut it with a Ginsu knife.

Breadth was superb, with all major sectors in positive territory. But volume could have been a bit better. The powerful price action makes up for any sins this market may have committed today.

The irony of this market is that it is so strong, it is becoming frothy and increasingly dangerous. You may feel downright foolish not being "all in," but to not be cognizant of how extended we are, is just plain crazy.

The great temptation here is to say that this strength cannot continue for much longer, and that we are sure to pull back. We have been hearing that for weeks now, and it still has yet to happen.

As I've said many times, markets tend to move further than you think is reasonable. This one is starting to feel pretty darn unreasonable to me, but we are dealing with emotions not logic.

********************

As the World Wrestling Federation announcer would say -

"LET'S GET READY TO RUMBLE !!!!"
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