Goinbrk is back!!!, good to hear from you.
Why such low volume eh??, some people
would call the latest market reaction
a "Bear Rally" i suppose. There are a
couple bright spots i suppose, the advance
decline ratio is improving, and the R2K is
doing better.
Personally i think the market is going lower
again, especially if Greenspan decides not
to lower rates at the November meeting. I'm
keeping my powder dry, doing a little trading,
and wondering why some of the stocks i like have
PE's of 3-5.
One good thing about the whole mess is all
the talking heads like the bank stocks, this
should help PACC's mutual fund. The new buyback
isn't going to hurt either, and the insiders
continue to keep buying.
I think we need one more washout, then back up the
truck. Nothings really changed except the Dow has run
up 1,000 points in 2 weeks. All the SP,Naz,RTK, stocks
are any where from 35% to 60% off their highs, but the
nifty ones just keep on truckin.
Hope all is well,
Alex |
