HI Nick; I don't doubt it's reliable, but the timing on it
means a lot. I went to msnbc yesterday and saw a good article
about day trading war rooms, and 10 to 1 leverage used by
day traders. Well that's been going on, but msnbc released it
with timing that suggested that is what caused the internuts
recent fall, ( day traders caused it) I find that sort of silly and them way off base, like trying to divert attention away from
the real cause. The brokers and exchanges just up the margin
requirements of most all internet stocks with out warning, is
what caused it. People were being forced with out fair notice
to make margin calls, or sell off. It was a slam dunk and set
up and even Fidelity was in on it.
Even reliable stories often have a motive ( position behind them )
and any way the data has to be right up to date, and what was
it a week ago and the week before that, s*it them going back
to arbitrary dates in history is like artiface , I can
use statistics to prove or suggest almost any side of a case.
Market timing takes up to date ( flow data ) not historic
numbers. To many things change over time, other factors come
into play, like they didn't mention in 87 ( short term
cash was bringing huge interest rates ).
The 87 top happened as the stocks went up with interest rates
climbing . So as reliable as it is, it's not comprehensive,
and I don't trust much of MS, mscnb, or CNBC..they are parrots
& often with the motives their big clients tell them to have.
Jim |
