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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Lucretius who wrote (24745)3/11/1999 10:25:00 PM
From: Copeland  Read Replies (1) of 86076
 
Well, tomorrow is not going to be fun Friday for the NDX, especially with Oracle's problems. The index as a whole should pull the Dow with it, especially if oil decides to consolidate, temporarily, but not until the index breaks 10,000 in the morning on the back of a European rally.

Speaking of oil and commodities -- don't you get a kick that CNBC and Joe Investor is so strung out by these government reports regarding inflation, but they're actually cheering the rise in commodities?

Don't they get that a persistent rise in commodities prices means no more 0% inflation for the good old US of A? It doesn't matter for CNBC. Whether its overvalued tech stocks or oil stocks, as long as it gets the market to 10,000, it doesn't matter.

I hope to God they get to that magic number because it'll be the clearest sign in a long time to short the market. Lots of my stopped out short positions are screaming to be re-activated.
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