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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (11969)	1/4/2000 9:14:00 PM
From: mph	Read Replies (2) \| Respond to of 63513

*The Post Y2K Blues* ....by mph The Y2K bug was a bust or so at least we thought, until the market went to heck and some of us got caught. That tricky little bug engaged us in a massive feint, we thought computers were the target, but, of course, they ain't. Like Machiavelli in his prime the Y2K bug knew that once the 31st was over folks would all say whew! And so they did on Monday morning in a short lived rally, where stocks were snapped up right and left by those afraid to dally. With focus on the Y2K thing people failed to note that Uncle Greenie'd be successful in his Chairman vote. And then,of course, the long bond's yield curve kept on inching higher until at last the traders stopped--- and started to perspire.<g> Those jitters caused the stocks to tumble losing recent gains, as fear of interest rates replaced the fear of Y2 pains. There are lots of thoughts about the meaning of this action-- while some say profit taking others say that's just a fraction. "The bull is dead,"proclaim the bears, while others take the view, that money from the big boys coming in will see us through. And so I ask the piffers what their feelings are this night. Are we going to the devil or is heaven still in sight?<g> ......