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To: DOUG H who wrote (10084)3/31/2000 7:38:00 AM
From: Dealer  Read Replies (4) | Respond to of 35685
 
Wall St seen bouncing, money returning to techs
LONDON, March 31 (Reuters) - Both the Dow Jones and Nasdaq
indices were seen opening higher on Friday after a run of heavy
falls by the tech-laden index and relatively flat week for the
Dow, London dealers said.

Dealers noted that Dow and Nasdaq futures were trading above
their fair values, indicating the two indices would gain around
20 and 40 points resepectively in the opening minutes.

The Nasdaq has been hammered in the last three sessions,
falling a total of 500 points. Strategists said it looked like a
healthy correction from the index's heady highs, but added it
still looked expensive at these levels.

However dealers said people were likely to see this as a
good buying opportunity.

"Money should start to trickle back into the tech sector,
although people will be much more discerning this time," one
UK-based dealer said, adding that bargain hunters will target
the hardest hit stocks.



To: DOUG H who wrote (10084)3/31/2000 8:13:00 AM
From: Voltaire  Read Replies (7) | Respond to of 35685
 
Morning DOUGH,

the essence of your post is an of itself almost the entire reason for the actions of the markets the last three weeks. Everyone is shaking their heads in wonder about the market's actions of late when it is as obvious as the nose on their faces and once again it will be revealed in the next two days starting this afternoon. How many miles must we walk before the average investor begins to see extent of the House's influence on the markets. I sit in wonderment as I witness market guru after market guru try in vain to give his or her sanctified reasons for the market actions, when in reality it is nothing more than a Time Capsule dictated agenda. I cannot be the only one with an ability to deduce such, surely to god these people cannot be this ignorant. They either see it and refuse to relate it to the retail investor or they have no clue. From everything I have seen, I tend to believe the latter.

How can anyone with an ounce of gray matter bear witness to the move in a very sick DOW at a time when the Value funds are on the verge of disaster and not draw the conclusion that it is not free market dynamics that dictate the action in our markets but the Houses and the Houses alone. The dynamic power of the House's and even their agenda should not be looked upon as some evil conspiracy, far from it, it is a god send and one that should give the average investor solace, for like I said last night, it is these same blood sucking Houses that will rescue the markets either today or Monday. It is not the above mentioned dynamic of manipulation displayed by the Houses that fascinates me but rather how oblivious the powers that be are of such.

Oh well, I could go on but I won't. Just want you to watch today as the House's first suck in the unsuspecting investor and make the markets appear extremely dire and then as if by some magical bolt of lighting, they turn around and rescue not only the markets but the retail investor's ass as well.

Have a good day and take solace in the fact that the House's ironically will be your saviour today.

Voltaire