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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (35852)	4/24/2000 11:26:00 AM
From: Rampant	Read Replies (1) \| Respond to of 62348

**OT**A little lunch time humour for those who feel like singing-Rampant (this off a stockhouse bullboard ...... to be sung to the tune of American Pie ). Pass it on. Humble Pie A long, long week ago I can still remember how the market used to make me smile What I'd do when I had the chance Is get myself a cash advance And add another tech stock to the pile. But Alan Greenspan made me shiver With every speech that he delivered Bad news on the rate front Still I'd take one more punt I can't remember if I cried When I heard about the CPI I lost my fortune and my pride The day the NASDAQ died So bye-bye to my piece of the pie Now I'm gettin' calls for margin 'Cause my cash account's dry It's just two weeks from a new all-time high And now we're right back where we were in July We're right back where we were in July Did you buy stocks you never heard of? QCOM at 150 or above? 'Cos George Gilder told you so Now do you believe in Home Depot? Can Wal-Mart save your portfolio? And can you teach me what's a P/E ratio? Well, I know that you were leveraged too So you can't just take a long-term view Your broker shut you down No more margin could be found I never worried on the whole way up Buying dot coms from the back of a pickup truck But Friday I ran out of luck It was the day the NAAAASDAQ died I started singin' Bye-bye to my piece of the pie Now I'm gettin' calls for margin 'Cause my cash account's dry It's just two weeks from a new all-time high And now we're right back where we were in July Yeah we're right back where we were in July copyright Sean Brady 2000

To: Shack who wrote (35852)	4/24/2000 11:31:00 AM
From: the Chief	Read Replies (3) \| Respond to of 62348

OTI'm watching the 30-yr bond much more than usual as it seems to be a lead indicator of which way the $$ is flowing short-term. If there really is that much cash sitting around, do you think the rise will be sharp or will they ease back into it? I used to be an avid believer in the 30yr bond, I no longer am. It used to reflect the migration from equities out, now it reflects very little, because we have become a society where we migrate out of one group of stocks (Nas) to another group of stocks (Dow) and then back again. Prior to this point the migration out of equities to the Long bond was paralleled with the value of Gold, which then supported the migration out of equities theory Nowadays the long bond and gold have very little to do with investor fear. They either go to cash, or a shortterm bond. Or, fall on the opposite exchange, for us Canucks its watching Oil/steel/etc stocks rise and teckies drop, or when sentiment shifts teckies rise and the Oils?steels etc falling. The fund managers and analysts have no interest in RIM comming down from a multiple of 200 to 10. What they want is for RIM and others to come down to 60 so they then can start pumping their own non-teckie stocks and force them to the same multiples as RIM and others. Their greatest bitch was no-one would consider a P/E of 200 for Petro-Canada, no matter how much they complained...so what to do???? "P*ss all over the teckies till they come down to a multiple that can be reached by the "old school" stocks. The rise will have to be controlled, otherwise some group of "dorks" that were not in the market in time will start spouting off about "retesting the lows". The rise will be; whip saw ...to stability stability to linear slow rise Remember, if earnings rise 25% over the next 2 quarters and the market remains flat....we just had another 25% correction without knowing it????? This is going to be an interesting summer<ggg> the Chief