To: long-gone who wrote (50489 ) 3/17/2000 5:37:00 PM From: Roebear Read Replies (1) | Respond to of 116796
Richard, WOW, that's digging into history, that reference post, VBG. Most of the wage pressure in my area seems to be from the entry level positions while top echelon hourly workers are getting 3-4.5%. Almost seems like some sort of socialist equalizing of wage rates. I don't expect a big change in this until pressure builds more or the market takes the 401K's down. I hear more squealing about company stock price drops and lower 401K balances, than about stingy wage increases from hourlies near the top wage rungs. That in itself is a sign of stock mania, I suppose. FWIW, been doing the trading thing with oil stocks mostly and gold at opportune times, I have been buying gold stocks the last two days. Getting used to these down moves before an UP move. Same thing happens in the oils. Currently adding to AEM, most of which I'm holding long term, was happy to get a good bit today at 5 13/16. If it goes down from here I'll buy more. Also am holding some Natural Gas stocks long term, like UPR which I got in the high 8's. BTW my OPEC guess is 1.2-1.5, just a guess. A trickle to test the waters and appease customers. TA wise I'm not real current but the volatility in prices in the markets combined with low VIX makes me a tad apprehensive for the DOW NDX and such. I shorted the NDX for four fun filled trading days, it was educational too, closed it thursday AM. But following that play took most of what little time I had for the market the past week. I'm guessing the week ahead will add a little excitment to the markets and get that VIX up a bit. Afraid it is just a guess from tape reading and sentiment though. Frankly, I need to catch up on things after a busy week. Best Regards, Roebear