Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Anaxagoras who wrote (3983)	12/11/1998 9:17:00 AM
From: Hank	Read Replies (1) of 4634

Ok, then how about this for an explanation. Earnings warnings are rattling the market. Whatever the reason, the market seems to be at a pivotal point that is totally unpredictable. I'd rather wait until a trend is firmly re-established one way or the other before making any more moves outside of a possible day trade. I think the market has acted apathetic towards the impeachment up to this point because nobody believed it would really happen. However, if they vote to impeach tomorrow, I think it will take the market down more than a few percentage points when you combine it with the other negative news. I'm not so desperate to make a buck that I can't afford to wait and see how next week turns out and I think you'll see that same attitude when the market opens today. People will be selling just to be safe.

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