Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (77670)	10/31/2000 10:19:16 PM
From: kormac	Read Replies (1) \| Respond to of 95453

From James Smith of PEI. The bottom line is .... well the bottom line ... ---------------------------------------- The stock markets made an impressive rally today--ie "panic buying" , but we are not convinced this equates to a "sustainable" rally going forward. Our timing models have indicated a Panic Cycle Week for both the DOW & the S&P for this week. Often a market that shows "panic buying" in the first part of a "Panic Cycle Week" will suddenly turn to "Panic Selling" by the end of the week. Is the market discounting a Bush Victory too soon? Has the market completely forgotten about tension in the MidEast? Will an imminent US attack on Bin Laden (payback for the USS Cole) backfire by further radicalizing the Arab World against the US???? By the way, what does Bill Clinton have to lose by striking now against Bin Laden???. He won't have to deal the the mess...he can leave that to his successor. We still believe a move down to 2438 basis the Dec Nasdaq; 9063 basis the Dec DOW; & 1267 basis theDec S&P is quite likely before this correction has run its course. Next week, if not sooner, attention may revert to the MidEast. Why?-- Panic Cycle on both OIL and GOLD!!

To: SliderOnTheBlack who wrote (77670)	11/1/2000 12:36:24 AM
From: ItsAllCyclical	Respond to of 95453

More trouble in Asia... cbs.marketwatch.com Scary stuff. I think we have smooth sailing NT (partly because slowdowns need to be confirmed over several months), but an Asia slowdown, combined with high energy and reduced cap ex spending on tech is still not factored into the markets at these prices.