Good Morning Iqbal...
Well I think all that read this thread, posters & lurkers alike, who questioned the power of Alan Greenspan, will NOW see that translated into a gigantic rally...
while AG's influence on markets is evident, most of the time they are 1-2 day wonders, and then the trend continues...this time since we were SO oversold anyway, it coincides with a nice tradeable rally...
IKE i wanted to reafirm to you & all, that my views have NOT changed...i will trade the rally, but sell into it at every chance i get...i will NOT accumulate any stock as an investment...not yet...i still see much lower lows...
here's why....every country that's in financial trouble is trying to do things that are NOT in the best interest of investors "within a Free Market" environment....these moves in Asia, and else where can NOT sustain their markets or their currency...they just won't work...when you use physudo(sp) means to prop your stock or currency it always comes back to haunt you....IMO.....it cannot be sustained...artifically...NEVER.....
because of those factors, and because of my perception of a definate slowing of world economies, & here as well, there is NO chance our Corps will maintain profits as before...NO Chance...
I feel that AG has completely abandonded raising rates for the forseeable future say, 1 year or so....as we move into recession, albeit a mild one,in 99' 2000, I hope, he will be forced at SOME time to ease...IMO "THAT" will be he right time to buy into the market for investment purposes and NOT until then...
SO IKE my friend...let's trade the flux, look for an explosive rally, trade it, try to recoup large losses in our portfolios, and trading accounts, and then sell the hell out of this rally and stand aside before major tax-loss sales begin in earnest....EARLY!!!!!!!!!!
this should put a smile on our faces, but for the grace of GOD & AG<G> for giving us this golden opportunity....take it FWIW.....
i'm telling everyone DON'T get complacent!!!!!!!! get the cash, trade, scalp, flip, position trade, and sell sell sell...raise cash and smile smile smile.........
TUES should be one wild and crazy day ..........I always liked Alan G..........:>}........<gggggggggggggggg>.....what a guy!!!! |
