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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JeffA who wrote (54651)	8/21/1999 10:55:00 AM
From: bobby is sleepless in seattle	Respond to of 90042

Jeff..CMGI yes, the glass is more than half empty. FOMC meeting has a greater chance of being a catalyst for a rally, and a nice jump start to CMGI, the stronger nets, and financials, (mer, yes, although there's compelling reasons to stay away from brokers, on-line brokers especially) IMO... the market has absorbed the 1/4 point rate...last meeting, the feds maintained a neutral bias going forward and everyone and their mothers are expecting an increase tuesday. Is it just possible that we may not see an increase? OTOH, another increase two meetings out, removing the 3 gifts given to us last year? I watched Rukeyeser last night, with Mary Farrell and others giving their opinions and came away feeling the same as I did yesterday...we are primed for a rally, at least for the short term. CNBC, the local papers, are also suggesting a rate hike, and the market has responded by pulling back, only to rebound as the cpi and ppi came in favorable to give some life... The fed meeting could be the excuse to get fully "traded" (invested) in the market...and my patience is being tried since i've adopted a very conservatve approach to the market months ago. Chances are, I've got company. An an event to trigger a fully vested position?...no rate increase would be such the catalyst, and a 1/4 point with neutral bias may do the same. Anway, not knowng where the bottom may lie for the market, my expectations remain...we rally short term...meanwhile, I've averaged buying into T, msft, lu, csco at these recent levels for position trades...mind you, average buying with a mound of money on the sidlines to add to positions. and for the fun of it, athm, pcln, dell...what, no AOL???... even tjx... and if we don't rally, how low can we go? btw, Barbara from Boston has given us some very good picks on her recent post at Buck's...