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

To: XBrit who wrote (29734)	9/13/2000 6:48:41 PM
From: XBrit	Respond to of 42787

And another interesting phenomenon: "Mr bullish" Jim Cramer has turned massively negative on the market in the past couple of days. In the past 36 hours he has written about 6 articles and diary entries on TheStreet.com, all basically saying he thinks the market is heading for a 1990-like crunch because of oil and the euro crisis. Typical comment from this morning: Let's Be Clear 9/13/00 8:37 AM ET Some people didn't understand in March when I said I was taking things off the table. Apparently some of you don't understand that I am saying the same thing this time.

To: XBrit who wrote (29734)	9/13/2000 6:52:20 PM
From: Casaubon	Respond to of 42787

great! Keep us informed!

To: XBrit who wrote (29734)	9/14/2000 9:43:09 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Thanks for the article but I am not so sure we have seen the bulls give up yet. As long as we stay within the wedge, I think the jury is still out. As far as the Dollar sliding a bit, the Euro council intervened last night and spiked up the Euro which is going to have an affect on the dollar. The question remains will it hold or last? It may just provide a convenient spike for currency traders to establish new shorts at higher levels if the FA hasn't changed. Note the Japanese tried intervening in the Yen last year repeatedly and it didn't do any good. PPI numbers were cooked to perfection. A tripling in oil costs leads to a rise in PPI gauged inflation of .2 - .3% yet a drop in oil prices of 1/10% leads to a PPI cost reduction of .2%. Must be one of those sliding scale things. -ggg- It appears we are making a technical bounce here but yesterday there was insufficient volume to make a good case one way or the other. We need to see how we move here and the earnings tonight from ORCL and ADBE should provide some input as to how maniacs are still on the loose. A company with ORCL's market cap trying to earn 13 - 14 cents depending on what source you use is comical when you look at it in comparison with companies like many of the DOW stocks that are growing 10-15% without accounting games and earning 2-3 dollars a share. As for the dollar hurting all companies earnings. Each company has to be gauged on thier own. Many of the bigger players hedge against currecy swings but it is a complicated game with failures and successes dependent on their skills at doing such. I agree the risk is high but to compare MCD problems and trying to use it to decide upon ALL companies with foreign exposure is not a fair evaluation IMO. Market opened so have to go. Good Luck, Lee