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

To: pater tenebrarum who wrote (35471)5/24/2000 10:46:00 PM
From: LLCF  Read Replies (1) | Respond to of 42523
 
<S&P is actually higher NOW than it was when the Fed's tightenings began. this is rather remarkable. as the election draws nearer the market will begin to anticipate lubrication by the Fed...tight money is not part of Al's vocabulary after all. he raises rates, but keeps printing.
only a decline in the dollar plus additional evidence of rising inflationary pressures (and thus a less print-happy Al) can shove this thing over the cliff i fear...>

I hear what you are saying... and you are probably right, I just keep thinking that now that the process has started it should move along relentlessly... sometimes I'm too rational, but for me to assume a summer rally or to ride ANY rally long makes no sense. I'll sit out the rallies for a couple years.

DAK

DAK



To: pater tenebrarum who wrote (35471)5/25/2000 8:54:00 AM
From: bill meehan  Read Replies (2) | Respond to of 42523
 
Heinz, that's been my opinion since mid-March which is when the Dow almost made a 52-week low and then rallied as the COMP began to get hammered. I'm waiting for the Nazdog to flush out more weak hands and we can see clearer signs of fear. Had expected 2900 area on the COMP, but too many are now focused on that level after the recent carnage.


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