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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: minorejoy2000 who wrote (26289)	7/30/2000 7:44:07 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 42787

Holy cow! I'm the wrong person to ask for words of comfort .. I've been a bear for years! I think that there needs to be a reason that a stock has a price! This market is currently only one big casino. Earnings have nothing .. NOTHING .. NOTHING to do with stock prices! The only thing that matters is how much money is available to through at the pyramid .. AND THE GROWTH IN M2 IS SLOWING DOWN!! The FED wants the market down and they have the power to do it! The fact that Brinker figured that out, doesn't make him responsible for what takes place! effects .. sorta like a cascade down water fall .. hits a few outcroppings on the way down ..

To: minorejoy2000 who wrote (26289)	7/31/2000 12:35:03 AM
From: Gersh Avery	Respond to of 42787

Mino .. I'm sorry about the tone of my last post to you. I think that the impact of Brinkers comments will be minimal. Given the grander view of things. We are in a bear market possibly lasting years. To take advantage of a bullish move more and more requires the tallents that bears have had to have just to stay alive over the last few years. In other words you have to be ready to take your gains at a moments notice. Be willing to leave some profits on the table and be thankfull that you got out in time before the major trend returns. I think that the main possible impact of Brinkers comments could be that market makers will now have a target to hit to cause some stock to shake loose. If they do indeed head for the target, then the next day could see the start of a nasty two or 3 day move down as margin calls hit. I would expect this because of the move down that we had last week coupled with the current record high margin levels. There would be many people at the edge that the attempt to hit the 84 QQQ target could push those people over the edge. In other words, the market makers could get more of a move down than they would try for. Earnings .. Try to picture this: I have a company and you have money. I need cash to get the thing moving. So then we work out a deal that you give me money in exchange for some of the profits of the operation of the comapny. So far so good .. We could then start to figure what rate of return you would have to receive to justify handing the money over to me insetead of just putting the cash in a passbook savings account. Again .. so far so good. OK now then let's change the deal .. You give me money and I give you nothing in return. All that you have is the right to find some one else that would be willing to pay you more for your holdings than you paid for them. This would be the greater fool or pyramid game. This is what almost the entire US stock market consists of right now. As long as none of the earnings are to be passed out to the stock holders then they are simply window dressing. As they are only window dressing, I have no problem seeing the market falling much further than Bob sees.