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To: Alohal who wrote (144621)10/14/1999 10:48:00 PM
From: Ed Forrest  Respond to of 176387
 
Alohal
I think your observation of AG's words are on point and also your thoughts on PPI.Overnight future numbers being red are unsettling to say the least but, are not a conclusive indicator that tomorrow will be an adverse day for the market.Having said that ,this market needs only a scintilla of negativity to send it plummeting.
"(always difficult with his convoluted hyperbole)"Hmm,the financial world gets it only on occasion from the Chairman but the Dell thread is exposed to it on a daily basis and in much larger doses.



To: Alohal who wrote (144621)10/14/1999 10:51:00 PM
From: Sam Bose  Read Replies (2) | Respond to of 176387
 
Aloha, I have to respectfully disagree. We rallied into the close of trading today. The PPI fear was present throughout the day but was not too terribly damaging. The futures started tanking very soon after CNBC showed part of Greenspan's speech live (any correlation, I don't know).

Remember though that GLOBEX trading is fairly light, and can be manipulated just as after-hours stock trading can, since there are fewer players. Could be some opportunistic futures traders trying to induce a selling panic going into options expiration tomorrow....who knows? They try to sell at any price, and there aren't enough bidders, hence the tanking. The PPI numbers will either turn things around in the morning (I hope!) or we'll continue to sink and it will be a terrible day for the bulls like me, albeit short term.

Best Wishes,

Sam



To: Alohal who wrote (144621)10/14/1999 11:52:00 PM
From: TigerPaw  Respond to of 176387
 
futures are probably down
The futures are down because it's October, and Halloween is right around the corner, and the goblins will get ya if you don't watch out!.

Seriously though, This is the time to sell off those real losers (like CPQ) to offset your winners. It is the month that started with the curse of 1929 and has held all the big declines since (even though I remember an August that burned me pretty bad). The market is forward looking, and a few months forward of October is the next year, a new beginning. Wring out the old, Ring in the new. Nobody but a newbe buys a fund starting now until New Years.

October is time for the feeding trough. It's time to pick up those shares that you wanted all year but didn't pick for one reason or another. How do you know if they have fallen in range? or not fallen enough? or are they the tax loss loser that won't go anywhere? You don't! You have to go for the stocks you desire and if you don't think they have fallen enough (but aren't sure they are going to fall any more) you dollar cost average your way into them. That's how you have a Happy New Year.

TP