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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Glenn who wrote (2414)12/4/1998 11:40:00 AM
From: Mao II  Read Replies (1) of 90042
 
G: My first thought (like Tim's) was that this is a classic sucker's rally. It may turn out that way still. My next thought is a fundamentals-based rally. In other words, funds and pensions have gained some confidence thanks to the euro rate cut, the productivity numbers, the low uptick in hourly wages.
Check out the sector indexes:

cbs.marketwatch.com

all sectors are up at this point, with the exception of gold, oil, reits & software (thanks to BMCS & ADBE). Forest products and paper are flat. Even utilities are up. So basically the market is showing strength in face of low inflation with some wariness about deflationary pressures in commodities. No news there.
So it beats me. Downside risk, in general is a hell of a lot greater than upside. That said, I'm still playing VTSS.
I guess the short answer is, keep a short leash and let em run only if you got a firm grip. M2
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