Mike, Pete's citation contains many points that
should reinforce your extreme <g> position.(Bold mine)
(1) Markets-never-go-down euphoria:
"The whole market is being led by the banks,"
said one dealer. "Some of these stocks are looking
expensive but no one wants to sell and there is only
one way they are going."
(2) Yeah, Friday, up +.5 ,was confidence inspiring:
Dealers said the negative influence of further
weakness in Asian markets had been canceled out
by strong bonds and a firm Dow close, leaving the
DAX to drift aimlessly.
(3) Bubble trading, again, based on action of others, not cashflow:
"It has been an exceptionally quiet day and there
has been no real direction to the market," one dealer
said. "We will have to wait for Wall Street to return
tomorrow."
(4) Finally,(not in article) Western hemisphere markets that did
trade today: Mexico -.5%, Brazil -1.5%, Argentina -.2%, Canada +.2%
(What do the Canadians know anyway?<g>)
Just goes to show that there is a cloud for every silver lining <g> |
