jj...............
thanks for posting the " square off".
frankly,
i hold AJC in less than considerable regard.
however, the fact that yardeni
was an unfashionable, even irrational 95 bull calling for a dow 10,000 lends to his less than sanguine current outlook some persuasive weight, however.
not exactly a square off in the end.
ADD to the mix:
compliancy factors
& foreign reticence in the wake of an increasingly partisan play on the hill as demonstrated by the carefully orchestrated contempt of congress clarion call
to bolster disdain for this administration
AND THE RESULT
leaves me expecting any near term rally to be as short of
conviction as friday last... when the hot potato school of
i want to be flat for the weekend played its hand ....
but for artificially imposed buy programs to the rescue
the market would have settled in deeper of its own accord.
soooo, instead of<< i want to be flat for the weekend.>>
it will be
<< i want to be flat _____________[choose one or more]
[earnings reports, economic indicators, un security council, clinton testimony, reno, china, japan, hong kong, fcc delays on telco issues,)
i tend to believe it is more sell on strength, at least for now,
than any significant buy on dip sentiment, with rare & consistent exception.
but, those exceptions exist in any event.
randy |
