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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (6927)	10/30/2000 10:55:16 AM
From: Jdaasoc	Read Replies (1) \| Respond to of 30051

Zeev: declare the bear dead, Well about 3 million people are piling into the Wall Street area right now for the Yankee's parade. If that doesn't wake the bear up, he may sleep for a little while more before awaking and delivering us bad news. The last two years the Yankees have won the pennant and a parade went up Broadway, the market reacted well in the afternoon as the parade ended about 1 PM. It is hard to be very pessimistic with all that posiive energy present. As long as another "World Trade Center" incident doesn't occur, there will be some happy bulls today. I beg to differ about entering a "bear" market. I think as long as GDP and cash inflows from a variety of retirement plans stay strong, the money has to be put to work. I have yet to see credable sources to say that inflows into the market have waned appreciably. NAZ down 1.8%; banks and brokerages up 2.2%; NYSE trin 0.6 and falling. Money still coming into market it's just not going into techs right now. S&P trying to crack 1400; it's just a matter of time before things start to look a little more rosy in terms of allocating more cash on the side lines into stocks IMO. john