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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (23907)	4/14/2000 10:24:00 AM
From: Tradelite	Read Replies (1) \| Respond to of 57584

Rande, since you opened up the floor to comments, I am formulating some thoughts. I, too, would like to see more panic, because there are some stocks I'd like to get a lot cheaper than they are now, no matter how much they are down from relative highs. However, I don't think the economic fundamentals are there to cause a steep downtrend in the market.....this economy is pretty good. And as long as people follow the advice so often given when investing....which is to "know what you bought and why you bought it....we might not get the bear-market bargains on stocks that we would like. We should, however, wait a while for definitive signals that this mess is over. Greenie is still haunting the house with his interest-rate act, and interest rates DO drive profits and the business of companies, like it or not. The effects of interest rates will show up in earnings reports of companies for months to come. (sighhh) Just my two cents.

To: Rande Is who wrote (23907)	4/14/2000 10:42:00 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 57584

Rande, I can tell you for fact that pro traders at the Merc & CBOE are not going to panic, they know how to manage & offset risk, but they are nervous. No one has ever seen volatility like this, and they are calling it a downside velocity spiral. Turnover on the Naz 100 options at the cboe is 5 times normal. The E-mini at the merc is up 6x. The problem with any bounce so far has been the selling into any strength, so until that is worked through, we stay negative. At some point, we will have more buyers than sellers. Could be today, or next week, or ?? I was downtown the last 3 days of last week, playing some of the big-cap stuff long, saw the "rally" losing gas Friday, went short every Naz index. Posted Monday on the Rat thread this week would be nasty. We went from being in an overbought market to an oversold one, and there are many things that are starting to look good from a risk/reward point now.