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To: Bill F. who wrote (66956)10/6/1999 9:08:00 PM
From: Lucretius  Read Replies (1) | Respond to of 86076
 
gotta LOVE this.... HO HO HO

<<<<"Now you can put it in stone. The bottom has been put in." >>>

Despite an unconvincing performance by breadth indicators, some market players spoke of the market having shaken off its recent hesitancy.

"I was actually convinced the market bottomed yesterday, then the Fed hit," said Gary Kaltbaum, chief technical analyst at GSG Securities in Orlando, Fla. "Now you can put it in stone. The bottom has been put in."

The technician declined to predict an upside target, noting a lot of "congestion" between Dow 10,500 and the old highs. But he expects earnings to be "powerful" and noted interest rates are still relatively low.




To: Bill F. who wrote (66956)10/6/1999 9:32:00 PM
From: Lucretius  Read Replies (2) | Respond to of 86076
 
oh i left off the best part... (this guy is a riot... we need to sign him up for the "Comedy Deaf and Dumb Jam" -g-

Kaltbaum's optimism, a marked change from his skepticism last week, stemmed from the fact recently lagging groups such as financials, pharmaceuticals, retailers and transports rallied today, following the market's comeback yesterday afternoon.

"You can see the action," he said. "I think the advance/decline starts getting better. I think the bearish case is out of the way. The market had every chance to go bearish but held. I'm not worried about Friday's employment report, I donýt think the market cares. The most important thing is the action in stocks



To: Bill F. who wrote (66956)10/7/1999 7:21:00 AM
From: PaperChase  Read Replies (2) | Respond to of 86076
 
How dare your market rap friends utter the word 'crash' after yesterday's beautiful rally. Haven't you been spanked enough by the tape? It's a 2 horse race between you and Luc for who is the most wrong about the doomsday scenario. Man you must be a drag at parties. <g>



To: Bill F. who wrote (66956)10/7/1999 2:01:00 PM
From: yard_man  Respond to of 86076
 
not too shabby ... I remember you were rather cautionary in your statements ...



To: Bill F. who wrote (66956)10/8/1999 7:02:00 AM
From: yard_man  Read Replies (1) | Respond to of 86076
 
Just finished reading your Bubblenomics address -- nice collection of stuff from the '29 era. I think I'll print out a copy to save with the rest of my clippings ... interested in what you said about the Depository Institution Deregulation and Monetary Control Act -- where can I read a little more about this?