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To: MythMan who wrote (74931)11/11/1999 2:25:00 PM
From: Lucretius  Read Replies (1) | Respond to of 86076
 
i agree, we could have one more blowoff off DELL's earnings tomorrow, but from there, i think its DOWN. may be DOWN tomorrow. how's the DELL thread feelin? they fiesty or no?



To: MythMan who wrote (74931)11/11/1999 2:27:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 86076
 
>Relentless.

Like I said a week ago, the Nasdaq simply will not close negative again this year. The momentum and excess cash generated by the parabolic rise are self-reinforcing.

Whatever greenspan does next week will be considered a signal to rally. Bulls simultaneously say "He's not going to raise rates, so we're going higher. And even if he does, we've already priced it in, so we'll go higher once it is out of the way." And all the time, the fed is doing coupon passes, keeping the printing presses running at full speed. Anyone who correlates those passes with the markets easily sees that that money goes INSTANTLY into tech equities.

The expectations and spin are UFB. But you have to give the bulls credit, it is WORKING. The nasdaq at this rate will double in a few months. This mania puts the nikkei's blowoff rally to shame.