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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (40077)	12/11/1999 2:52:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

GZ, I kind of agree with you. But just like all the 'Fancy Expensive Millennium Celebrations' that have not been sold...the psychology of these market buyers and sellers is very peculiar. Being driven by an odd set of circumstances plus the usual greed/fear. There seems to be a certain frenetic urgency to enter the market - to be in the market - to be 'of' the market - even to be Out of the market. This is especially true of the Nasd and Blue Chips. Every where else the broad markets are weak. As an example, IBM just announced a certain reality, earnings statements will be weak and a fall off in sales going into early next year is possible. But then there are many computers that still need to be upgraded around the world. This peculiar psychology of market buyers and sellers also extends to the International markets. I believe the International buyers are coming back into US Bonds as well. Hoping to capture some higher rates and exit their own weak economies and currencies. Both the two currency blocks are economically weak and their market players are nervous about there own currencies Yen being fatigued and the EURO constrained. But then there is the perceived "Bubble" in US securities that ultimately could whack everyone. While Greenspan might not announce another rate increase there are perceptions that he may in order to offset any required turmoil in 2000. He prints and hands out massive amounts of currency in effect adding liquidity to the system that can be borrowed against, but requires that it all be given back by the end of the week Jan 7th. I'm expecting a top here in December that should last into mid 2000. BTW, Pick an older cruise ship to be on over New Years. Could be quite an adventure. <<chuckle>> Chip Message 12258633