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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (32491)	5/11/2000 10:19:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

i noticed...but look at the volume...and then look at yesterday's volume, when they were selling the SOX components. this has to do with the upcoming expiration imo. also a full moon is only a week away. rational thought recedes when a full moon nears.

To: MythMan who wrote (32491)	5/11/2000 12:18:00 PM
From: John Pitera	Respond to of 42523

Cramer is sneaking over and reading this thread!!! First the Favorable Fleck mention, next they had a joint, online chat, a couple of days ago and now this!!!! --------- Spinning a Soft Landing By James J. Cramer 5/11/00 9:38 AM ET Click here for the latest from James J. Cramer. Oh my, is this ever 1994. We just got a retail sales number that will trigger talk of "soft landing" and will cause people to ponder whether the Fed will be able to do 50 basis points and then wait. Makes sense. Retail companies signaled that April was no good. General Motors (GM:NYSE - news - boards) is telegraphing weaker sales. We know from the stocks that the Anheuser-Buschs (BUD:NYSE - news - boards) are in fashion and the cyclicals are not. In 1994, we had this happen a bunch of times. We would think things were in control and the Fed would be done. Then a new number would come out that was too strong and we were back in the Fed box. April was probably weak for a variety of reasons: calendar shift, higher rates, etc. But I think the big reason why it was weak was the vaporization of capital in the stock market. So far that is continuing into May. Again, reason to believe the soft landing thesis. We bought a round of 10,000 of virtually everything we owned on Instinet this morning. Except for Applied Materials (AMAT:NYSE - news - boards) where we bought more after Matt "Low Multiple" Jacobs said that Applied Materials sells at 22 times next year's earnings. Heck I am paying more than that for Colgate (CL:NYSE - news - boards)!! With nowhere near the growth. Seems downright silly at this point not to buy. I bet Buzz and Batch sold out yesterday. Feels like it doesn't it? They would despair at the bottom, bunch o' clowns.