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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (53236)	9/21/2000 8:41:00 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 63513

92 is lock limit on the naz futures 35 is lock limit on the s&p futures

To: Rich1 who wrote (53236)	9/21/2000 10:22:35 PM
From: Junkyardawg	Read Replies (2) \| Respond to of 63513

Ok, if you don't want to hear it then click the next button. What has happened and what will happen tomorrow in my opinion can be traced back to Alan Greenspan and the Fed. Yes it is all his fault and I am serious. He has raised rates so much that it has effected the Euro which everyone warned would happen and now companies cannot meet their estimates which is what he wanted to happen. He wants people out of work? Well, he is about to get it in vast numbers. As we all know tomorrow is lined up to be ugly and I don't think the big boys will step in and save us. Why should they? They will probably wait until oil prices fall below $29 a barrel and after a lot of pain is felt in the market. I have been saying for weeks and weeks that we should watch the oil prices because it is going to lead to some serious trouble. My mistake was not acting on that assumption. I thought I was right and I just new I was right but I played my trading wrong. Daytrades became investments and investments are turning into losers. The only thing that will save us in my humble opinion are two things. 1.Greenpan has to lower rates. WE all know he probably will not do it this close to election but in my mind it is warranted before this gets out of hand. 2.Oil prices have to go down. They need to go below $28 right now and they need to settle below $25. Mark my words and remember this.....if Greenspan lowers rates oil prices will fall and fall hard. Very hard. Oil is only up because of speculation and when the speculators see reduced interest rates they will bail out of their positions like a hot knife through butter. Ok I have said my piece but what Alan Greenspan has done to this economy and to the world now in my opinion boarders on criminal. His ego would not allow him to wait and let the interest rates take effect. He had to keep raising rates even though it was clear that the increase he had already put on the market was not in the market and would not be for months. The last 3 raises are probably not even close to being in the market. Now what will the economy look like when those three rates take hold and bite down? Yep recession. Maybe worse. Am I bearish? No I am pissed. dawg