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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (6651)	10/17/1998 3:44:00 PM
From: Paxb2u	Read Replies (2) of 44573

Scott, Are you saying that because a lot of people don't care, don't know, don't understand, or are naive about the markets that will boost them ??? I admit my ignorance about why things are currently going the way they are, but I hope someone's got it figured out and they'll share their logic with me. From my perspective, its got to be greed that is currently driving the markets up (along with the FED). Isn't there always payback for this type of irrational exuberance???. Maybe not tomorrow, but how about next year???I believe that fundamentals over ride the market, and that's what happened this week. There was no technical reason for the breakout and they (most indices) are (stochastics) overbought or rapidly approaching overbought. Does a 1/4 point move, decrease costs so much as to increase earnings so we can now forecast increased earnings for everyone next year??? Did this move overcome all the potential negative fundamentals searching for a home?? Probably not----but I do think the retribution has only been delayed. Peter :o)

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