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Non-Tech : Invest / LTD
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To: Shelia Jones who wrote (2993)9/15/1998 9:40:00 PM
From: Thean  Read Replies (1) of 14427
 
Shelia,
Why are you frozen in fear?

Gold stocks have been the exact opposite proxy of the overall market. The inverse correlation has been good to the tee on the daily basis for the past week or two now. The US$ also has a role here as well. If AG gives the thumb up on an imminent rate cut, the US market will rally and rally big. Obviously the beaten down financials will be the first to receive the blessing but I suspect all the money will flow back to the big caps and the nifty fifty. LT will have his LT stance hung out and dried while all the mo-mo bulls make their money. Some sort of crash will come after that but not until the bulls make a loadful of money. Therefore, there is a definite danger in going short before AG gives his speech. I seriously doubt the traditional bulls and bears make up the market anymore. With the changing of time with the advent of computer technology, the playing ground is very even now and most of the money is made trading mo-mo both ways. With the recent drop in the overall market, where do you think the money goes? I say most of the money stays home and goes to the traders who just follow the mo-mo and quicker to the buttons than the moms and paps. Speed does count and this appears to be the new groundrule for profit. All IMO.
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