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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: steve susko who wrote (6080)1/14/2000 9:13:00 PM
From: RockyBalboa  Read Replies (2) | Respond to of 10293
 
Right on!

I sold many shares, even those ones which I should have kept and finally moved to 60% cash (but no open short positions overnight).

Then I read AGs commentary about equity inflation asset prices going through the roof etc.. and thought, 60% cash the remainder long is too little too late...

Alas, the other day I saw the Naz futures trading 50+, along with INTC up. However, it was not only Intel moving the Nasdaq.

Also bear in mind Bill Wexlers comments that the results of rate changes are perhaps to see in 6 months...(he made the comment at a time the fed was cutting rates which fuelled his to the conclusion that the market will head higher...)

Maybe even AG is wrong.... but never forget that his commentary can lead the market by weeks. Around Feb we will see how the "tune" works out when ultimately the rates are hiked...