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


To: Jorj X Mckie who wrote (55273)10/5/2000 11:57:17 AM
From: Augustus Gloop  Read Replies (1) | Respond to of 63513
 
LOL!! Looks like a great vacation spot. I'm worried about the next 7 trading days. I believe the fear could reach its apogee. It's just a gut feel but all we need is one more warning from a big name company and we're toast. I don't know that the slide would last long as I feel we trade down for the next 2 weeks and then push until the end of the month. After that I think we can look forward to several pieces of good news:

1) I think oil will show signs of a price decrease. It may take until winter is over for the decrease to happen but I think we have seen the top barring some unforeseen incident.

2) The fed was jawboning yesterday. There is NO reason to have an aggressive bias. The bias will go neutral after the elections IMO and we will see a decline in rates over the next 12 months.

3) Between 4th quarter earnings and better valuations people will start to seek out some values which will lead to speculation and a resumption of some high flyers.

JMO.